Ampco-Pittsburgh (NYSE:AP) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Ampco-Pittsburgh Co. (NYSE:AP)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.64 and traded as high as $2.13. Ampco-Pittsburgh shares last traded at $2.02, with a volume of 50,871 shares.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Ampco-Pittsburgh in a research note on Friday. They issued a “hold” rating for the company.

Ampco-Pittsburgh Stock Performance

The company has a current ratio of 1.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.57. The business’s 50 day moving average is $1.87 and its 200 day moving average is $1.64. The stock has a market capitalization of $40.59 million, a PE ratio of -0.89 and a beta of 0.93.

Hedge Funds Weigh In On Ampco-Pittsburgh

A number of large investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of Ampco-Pittsburgh by 12.7% during the 2nd quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock worth $428,000 after purchasing an additional 62,593 shares during the period. Geode Capital Management LLC boosted its stake in shares of Ampco-Pittsburgh by 38.5% during the 3rd quarter. Geode Capital Management LLC now owns 152,111 shares of the industrial products company’s stock worth $304,000 after purchasing an additional 42,305 shares during the period. Finally, State Street Corp boosted its stake in shares of Ampco-Pittsburgh by 92.7% during the 3rd quarter. State Street Corp now owns 74,216 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 35,700 shares during the period. 49.16% of the stock is owned by hedge funds and other institutional investors.

Ampco-Pittsburgh Company Profile

Ampco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal products and customized equipment to commercial and industrial users worldwide. The company operates through Forged and Cast Engineered Products (FCEP); and Air and Liquid Processing (ALP) segments.