StockNews.com started coverage on shares of Ampco-Pittsburgh (NYSE:AP – Free Report) in a research note issued to investors on Monday morning. The firm issued a hold rating on the industrial products company’s stock.
Ampco-Pittsburgh Stock Down 1.3 %
Shares of NYSE:AP opened at $2.26 on Monday. 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 firm has a fifty day moving average of $1.97 and a 200 day moving average of $1.77. Ampco-Pittsburgh has a 52-week low of $0.74 and a 52-week high of $2.80. The firm has a market capitalization of $45.41 million, a PE ratio of -1.00 and a beta of 0.95.
Hedge Funds Weigh In On Ampco-Pittsburgh
Institutional investors have recently bought and sold shares of the stock. State Street Corp lifted its holdings 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 valued at $148,000 after purchasing an additional 35,700 shares during the last quarter. 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. Finally, Geode Capital Management LLC grew its stake in shares of Ampco-Pittsburgh by 38.5% in the third quarter. Geode Capital Management LLC now owns 152,111 shares of the industrial products company’s stock worth $304,000 after acquiring an additional 42,305 shares during the last quarter. 49.16% of the stock is owned by 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.
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