Ampco-Pittsburgh (NYSE:AP) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Ampco-Pittsburgh Co. (NYSE:AP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.98 and traded as high as $2.32. Ampco-Pittsburgh shares last traded at $2.19, with a volume of 23,543 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Ampco-Pittsburgh in a research report on Saturday. They issued a “hold” rating on the stock.

Ampco-Pittsburgh Trading Up 0.9 %

The company has a debt-to-equity ratio of 1.57, a current ratio of 1.99 and a quick ratio of 0.98. The stock has a 50-day simple moving average of $2.25 and a 200-day simple moving average of $1.99.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ampco-Pittsburgh stock. Geode Capital Management LLC raised its holdings in Ampco-Pittsburgh Co. (NYSE:AP) by 38.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 152,111 shares of the industrial products company’s stock after acquiring an additional 42,305 shares during the period. Geode Capital Management LLC owned about 0.76% of Ampco-Pittsburgh worth $304,000 at the end of the most recent quarter. 49.16% of the stock is owned by hedge funds and other institutional investors.

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.