Ampco-Pittsburgh (NYSE:AP) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Ampco-Pittsburgh (NYSE:APGet Free Report) in a report released on Sunday. The firm set a “buy” rating on the industrial products company’s stock.

Ampco-Pittsburgh Trading Down 2.0 %

NYSE AP opened at $2.51 on Friday. The business’s 50-day moving average price is $2.63 and its two-hundred day moving average price is $2.87. Ampco-Pittsburgh has a 12 month low of $2.14 and a 12 month high of $4.00. The firm has a market capitalization of $49.87 million, a PE ratio of 35.86 and a beta of 0.69. The company has a current ratio of 2.04, a quick ratio of 0.94 and a debt-to-equity ratio of 1.00.

Ampco-Pittsburgh (NYSE:APGet Free Report) last announced its quarterly earnings data on Monday, November 13th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $102.22 million for the quarter. Ampco-Pittsburgh had a return on equity of 1.26% and a net margin of 0.35%.

Institutional Trading of Ampco-Pittsburgh

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Ampco-Pittsburgh by 2.4% in the third quarter. Vanguard Group Inc. now owns 558,109 shares of the industrial products company’s stock worth $1,468,000 after purchasing an additional 12,851 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Ampco-Pittsburgh by 0.6% in the third quarter. Ameriprise Financial Inc. now owns 971,538 shares of the industrial products company’s stock worth $2,555,000 after purchasing an additional 5,733 shares during the last quarter. BlackRock Inc. raised its stake in shares of Ampco-Pittsburgh by 1.9% in the second quarter. BlackRock Inc. now owns 205,772 shares of the industrial products company’s stock worth $654,000 after purchasing an additional 3,743 shares during the last quarter. Prudential Financial Inc. purchased a new stake in shares of Ampco-Pittsburgh in the first quarter worth approximately $30,000. Finally, Tejara Capital Ltd bought a new position in shares of Ampco-Pittsburgh in the fourth quarter valued at approximately $114,000. 45.22% of the stock is owned by hedge funds and other institutional investors.

About Ampco-Pittsburgh

(Get Free Report)

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. It operates in two segments, Forged and Cast Engineered Products (FCEG); and Air and Liquid Processing (ALP).

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