Ampco-Pittsburgh (NYSE:AP) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a report issued on Saturday. The firm set a “hold” rating on the industrial products company’s stock.

Ampco-Pittsburgh Price Performance

Shares of Ampco-Pittsburgh stock opened at $2.19 on Friday. The stock has a market cap of $43.99 million, a price-to-earnings ratio of -0.97 and a beta of 0.96. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.98 and a current ratio of 1.99. The stock has a 50 day moving average price of $2.25 and a 200-day moving average price of $1.98. Ampco-Pittsburgh has a one year low of $0.74 and a one year high of $2.79.

Ampco-Pittsburgh (NYSE:AP) last announced its earnings results on Tuesday, November 12th. The industrial products company reported ($0.10) EPS for the quarter. The company had revenue of $96.17 million during the quarter. Ampco-Pittsburgh had a negative return on equity of 63.13% and a negative net margin of 10.46%.

Hedge Funds Weigh In On Ampco-Pittsburgh

An institutional investor recently raised its position in Ampco-Pittsburgh stock. State Street Corp grew its position in Ampco-Pittsburgh Co. (NYSE:AP) by 92.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,216 shares of the industrial products company’s stock after buying an additional 35,700 shares during the quarter. State Street Corp owned 0.37% of Ampco-Pittsburgh worth $148,000 at the end of the most recent reporting period. 49.16% of the stock is 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.