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

Equities research analysts at StockNews.com initiated coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a research note issued on Monday. The firm set a “hold” rating on the industrial products company’s stock.

Ampco-Pittsburgh Stock Performance

Shares of Ampco-Pittsburgh stock opened at $2.35 on Monday. The stock has a market capitalization of $47.22 million, a price-to-earnings ratio of -1.04 and a beta of 0.95. The firm’s fifty day simple moving average is $1.95 and its 200-day simple moving average is $1.75. 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 12 month low of $0.74 and a 12 month high of $2.80.

Institutional Trading of Ampco-Pittsburgh

Hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of 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 in the last quarter. State Street Corp lifted its holdings in 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 acquiring an additional 35,700 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Ampco-Pittsburgh by 38.5% during the 3rd quarter. Geode Capital Management LLC now owns 152,111 shares of the industrial products company’s stock worth $304,000 after purchasing an additional 42,305 shares in 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.