Ampco-Pittsburgh (NYSE:AP) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a research report sent to investors on Monday. The brokerage issued a hold rating on the industrial products company’s stock.

Ampco-Pittsburgh Price Performance

AP stock opened at $2.08 on Monday. Ampco-Pittsburgh has a 1 year low of $0.74 and a 1 year high of $2.79. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.98 and a current ratio of 1.99. The stock’s 50 day moving average price is $2.02 and its 200 day moving average price is $2.06. The firm has a market cap of $41.80 million, a P/E ratio of -0.92 and a beta of 0.99.

Ampco-Pittsburgh (NYSE:AP) last posted its quarterly earnings data on Wednesday, March 12th. The industrial products company reported $0.16 earnings per share (EPS) for the quarter. Ampco-Pittsburgh had a negative return on equity of 63.13% and a negative net margin of 10.46%. The business had revenue of $100.94 million for the quarter.

Hedge Funds Weigh In On Ampco-Pittsburgh

Several institutional investors and hedge funds have recently bought and sold shares of AP. Geode Capital Management LLC increased its position in Ampco-Pittsburgh by 38.5% during the third 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 last quarter. State Street Corp increased its position in Ampco-Pittsburgh by 92.7% during the third 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 last quarter. Finally, Ameriprise Financial Inc. increased its position in Ampco-Pittsburgh by 0.5% during the fourth quarter. Ameriprise Financial Inc. now owns 1,084,403 shares of the industrial products company’s stock worth $2,266,000 after purchasing an additional 5,020 shares during the last quarter. Institutional investors and hedge funds own 49.16% of the company’s stock.

About Ampco-Pittsburgh

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.