Ampco-Pittsburgh (NYSE:AP) Releases Quarterly Earnings Results

Key Points

• Ampco-Pittsburgh reported a quarterly earnings of ($0.06) per share, with a return on equity of 5.89% and a net margin of 1.04%.
• The stock price of Ampco-Pittsburgh rose by $0.04 to reach $3.45, with a market cap of $69.31 million.
• Geode Capital Management recently increased its position in Ampco-Pittsburgh by 2.8%, owning approximately 0.81% of the company after acquiring additional shares.

Ampco-Pittsburgh (NYSE:AP - Get Free Report) issued its quarterly earnings results on Tuesday. The industrial products company reported ($0.06) earnings per share for the quarter, Zacks reports. Ampco-Pittsburgh had a return on equity of 5.89% and a net margin of 1.04%.

Ampco-Pittsburgh Price Performance

NYSE:AP traded up $0.04 on Tuesday, reaching $3.45. 48,511 shares of the company's stock traded hands, compared to its average volume of 68,005. The company has a quick ratio of 0.92, a current ratio of 1.86 and a debt-to-equity ratio of 1.48. The stock has a 50-day simple moving average of $3.23 and a 200-day simple moving average of $2.59. The firm has a market cap of $69.31 million, a PE ratio of 15.68 and a beta of 0.89. Ampco-Pittsburgh has a 12 month low of $1.36 and a 12 month high of $3.99.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Ampco-Pittsburgh from a "hold" rating to a "buy" rating in a report on Sunday.

Institutional Investors Weigh In On Ampco-Pittsburgh

An institutional investor recently raised its position in Ampco-Pittsburgh stock. Geode Capital Management LLC lifted its holdings in Ampco-Pittsburgh Corporation (NYSE:AP - Free Report) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 162,066 shares of the industrial products company's stock after buying an additional 4,339 shares during the period. Geode Capital Management LLC owned about 0.81% of Ampco-Pittsburgh worth $480,000 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.

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