Ampco-Pittsburgh (NYSE:AP) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the industrial products company’s stock.

Ampco-Pittsburgh Stock Up 0.5 %

AP opened at $2.15 on Thursday. The business has a 50 day moving average of $2.20 and a 200-day moving average of $2.05. The stock has a market capitalization of $43.20 million, a price-to-earnings ratio of -0.95 and a beta of 1.00. The company has a current ratio of 1.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.57. Ampco-Pittsburgh has a 1-year low of $0.74 and a 1-year high of $2.79.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Ameriprise Financial Inc. boosted its stake 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 buying an additional 5,020 shares in the last quarter. State Street Corp boosted its holdings 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 valued at $148,000 after purchasing an additional 35,700 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Ampco-Pittsburgh by 38.5% in the 3rd quarter. Geode Capital Management LLC now owns 152,111 shares of the industrial products company’s stock valued at $304,000 after purchasing an additional 42,305 shares during the period. 49.16% of the stock is currently owned by institutional investors and hedge funds.

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.