StockNews.com began coverage on shares of Ampco-Pittsburgh (NYSE:AP – Get Free Report) in a research note issued on Sunday. The brokerage set a “hold” rating on the industrial products company’s stock.
Ampco-Pittsburgh Price Performance
Shares of NYSE:AP opened at $2.00 on Friday. The firm has a market cap of $40.08 million, a PE ratio of -0.88 and a beta of 0.96. The firm’s fifty day moving average is $2.25 and its 200-day moving average is $2.01. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.98 and a current ratio of 1.99. Ampco-Pittsburgh has a 52 week low of $0.74 and a 52 week high of $2.79.
Hedge Funds Weigh In On Ampco-Pittsburgh
Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in shares of Ampco-Pittsburgh by 38.5% during the third 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 during the period. State Street Corp lifted its holdings in shares of Ampco-Pittsburgh by 92.7% during the third quarter. State Street Corp now owns 74,216 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 35,700 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Ampco-Pittsburgh by 0.5% during the fourth quarter. Ameriprise Financial Inc. now owns 1,084,403 shares of the industrial products company’s stock worth $2,266,000 after purchasing an additional 5,020 shares during the period. Institutional investors and hedge funds own 49.16% of the company’s stock.
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 (FCEP); and Air and Liquid Processing (ALP) segments.
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