StockNews.com started coverage on shares of Ampco-Pittsburgh (NYSE:AP – Free Report) in a report issued on Saturday morning. The brokerage issued a hold rating on the industrial products company’s stock.
Ampco-Pittsburgh Trading Up 0.9 %
Shares of NYSE:AP opened at $2.19 on Friday. The company’s 50-day moving average price is $2.25 and its two-hundred day moving average price is $2.00. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.99 and a quick ratio of 0.98. Ampco-Pittsburgh has a one year low of $0.74 and a one year high of $2.79. The stock has a market capitalization of $43.98 million, a PE ratio of -0.97 and a beta of 0.96.
Institutional Trading of Ampco-Pittsburgh
Several large investors have recently made changes to their positions in AP. State Street Corp raised its stake 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 buying an additional 35,700 shares during the last quarter. Geode Capital Management LLC raised its position in 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 period. Finally, Ameriprise Financial Inc. raised its position in shares of Ampco-Pittsburgh by 0.5% in the fourth quarter. Ameriprise Financial Inc. now owns 1,084,403 shares of the industrial products company’s stock valued at $2,266,000 after purchasing an additional 5,020 shares during the period. 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.
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