Ampco-Pittsburgh (NYSE:AP) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Ampco-Pittsburgh Co. (NYSE:AP) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.66 and traded as high as $2.03. Ampco-Pittsburgh shares last traded at $1.98, with a volume of 44,490 shares.

Analyst Ratings Changes

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

Ampco-Pittsburgh Stock Performance

The business has a 50-day moving average price of $1.90 and a 200-day moving average price of $1.66. The company has a quick ratio of 0.98, a current ratio of 1.99 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $39.79 million, a price-to-earnings ratio of -0.88 and a beta of 0.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of Ampco-Pittsburgh by 92.7% in 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 during the period. Geode Capital Management LLC boosted 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 valued at $304,000 after buying an additional 42,305 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Ampco-Pittsburgh by 12.7% in the second quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock valued at $428,000 after buying an additional 62,593 shares during the last quarter. Hedge funds and other institutional investors own 49.16% of the company’s stock.

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.