Stock analysts at StockNews.com began coverage on shares of Ampco-Pittsburgh (NYSE:AP – Get Free Report) in a report released on Tuesday. The brokerage set a “hold” rating on the industrial products company’s stock.
Ampco-Pittsburgh Stock Up 8.8 %
Ampco-Pittsburgh stock opened at $2.34 on Tuesday. The company has a market capitalization of $47.02 million, a PE ratio of -1.04 and a beta of 0.95. Ampco-Pittsburgh has a 12-month low of $0.74 and a 12-month high of $2.77. The firm’s fifty day moving average is $2.01 and its 200 day moving average is $1.82. The company has a quick ratio of 0.98, a current ratio of 1.99 and a debt-to-equity ratio of 1.57.
Institutional Trading of Ampco-Pittsburgh
Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its holdings in Ampco-Pittsburgh by 12.7% in the second quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock worth $428,000 after acquiring an additional 62,593 shares in the last quarter. Geode Capital Management LLC raised its position in shares of 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 period. Finally, State Street Corp raised its position in shares of 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 period. 49.16% of the stock is currently owned by institutional investors and hedge funds.
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.
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