Renaissance Technologies LLC Buys 62,593 Shares of Ampco-Pittsburgh Co. (NYSE:AP)

Renaissance Technologies LLC increased its stake in Ampco-Pittsburgh Co. (NYSE:AP) by 12.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 556,396 shares of the industrial products company’s stock after buying an additional 62,593 shares during the quarter. Renaissance Technologies LLC owned about 2.80% of Ampco-Pittsburgh worth $428,000 as of its most recent SEC filing.

Ampco-Pittsburgh Trading Down 0.6 %

Shares of NYSE:AP opened at $1.73 on Friday. The company has a market capitalization of $34.37 million, a PE ratio of -0.79 and a beta of 0.84. The company has a current ratio of 1.98, a quick ratio of 1.02 and a debt-to-equity ratio of 1.72. Ampco-Pittsburgh Co. has a 12-month low of $0.74 and a 12-month high of $3.02. The business’s fifty day simple moving average is $1.84 and its 200-day simple moving average is $1.69.

Ampco-Pittsburgh (NYSE:AP) last released its quarterly earnings results on Monday, August 12th. The industrial products company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $110.99 million for the quarter. Ampco-Pittsburgh had a negative net margin of 9.67% and a negative return on equity of 51.75%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Ampco-Pittsburgh from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th.

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.