Ampco-Pittsburgh (NYSE:AP) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a report published on Tuesday. The brokerage issued a buy rating on the industrial products company’s stock.

Ampco-Pittsburgh Trading Down 1.8 %

AP opened at $2.18 on Tuesday. The stock has a market capitalization of $43.32 million, a PE ratio of -1.07 and a beta of 0.66. The firm’s fifty day moving average price is $2.41 and its 200 day moving average price is $2.56. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.02 and a quick ratio of 0.96. Ampco-Pittsburgh has a 12-month low of $2.09 and a 12-month high of $4.00.

Ampco-Pittsburgh (NYSE:AP) last posted its quarterly earnings results on Monday, March 25th. The industrial products company reported ($2.12) earnings per share (EPS) for the quarter. The company had revenue of $108.11 million during the quarter. Ampco-Pittsburgh had a negative net margin of 9.45% and a negative return on equity of 38.27%.

Institutional Trading of Ampco-Pittsburgh

Institutional investors and hedge funds have recently modified their holdings of the business. Prudential Financial Inc. acquired a new stake in shares of Ampco-Pittsburgh in the 1st quarter worth about $30,000. NewEdge Advisors LLC increased its holdings in shares of Ampco-Pittsburgh by 15.7% in the 2nd quarter. NewEdge Advisors LLC now owns 22,146 shares of the industrial products company’s stock worth $86,000 after acquiring an additional 3,000 shares during the period. Northern Trust Corp increased its holdings in shares of Ampco-Pittsburgh by 21.4% in the 4th quarter. Northern Trust Corp now owns 34,513 shares of the industrial products company’s stock worth $94,000 after acquiring an additional 6,073 shares during the period. State Street Corp grew its position in Ampco-Pittsburgh by 6.1% in the 1st quarter. State Street Corp now owns 38,516 shares of the industrial products company’s stock valued at $243,000 after buying an additional 2,209 shares in the last quarter. Finally, Tejara Capital Ltd bought a new position in Ampco-Pittsburgh in the 4th quarter valued at about $114,000. 49.16% of the stock is 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 (FCEG); and Air and Liquid Processing (ALP) segments.