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

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

Ampco-Pittsburgh Trading Down 0.3 %

NYSE:AP opened at $1.93 on Tuesday. Ampco-Pittsburgh has a 52 week low of $0.74 and a 52 week high of $2.79. The firm has a 50 day moving average of $2.25 and a 200 day moving average of $2.04. 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 stock has a market capitalization of $38.68 million, a price-to-earnings ratio of -0.85 and a beta of 1.00.

Institutional Investors Weigh In On Ampco-Pittsburgh

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp lifted its position in Ampco-Pittsburgh by 92.7% during 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 last quarter. Geode Capital Management LLC lifted its position in 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 valued at $304,000 after acquiring an additional 42,305 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in 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 valued at $2,266,000 after acquiring an additional 5,020 shares during the last quarter. Hedge funds and other institutional investors 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.