Ampco-Pittsburgh (NYSE:AP) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Shares of Ampco-Pittsburgh Corporation (NYSE:AP - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.34 and traded as high as $3.11. Ampco-Pittsburgh shares last traded at $3.09, with a volume of 71,087 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on shares of Ampco-Pittsburgh in a research note on Thursday, May 22nd. They set a "hold" rating on the stock.

Ampco-Pittsburgh Price Performance

The stock has a fifty day moving average of $2.70 and a two-hundred day moving average of $2.34. The company has a current ratio of 1.86, a quick ratio of 0.92 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $57.46 million, a price-to-earnings ratio of 13.00 and a beta of 0.86.

Ampco-Pittsburgh (NYSE:AP - Get Free Report) last announced its earnings results on Monday, May 12th. The industrial products company reported $0.06 EPS for the quarter. Ampco-Pittsburgh had a return on equity of 5.89% and a net margin of 1.04%. The company had revenue of $104.27 million for the quarter.

Institutional Investors Weigh In On Ampco-Pittsburgh

A hedge fund recently raised its stake in Ampco-Pittsburgh stock. Ameriprise Financial Inc. lifted its stake in Ampco-Pittsburgh Corporation (NYSE:AP - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,084,403 shares of the industrial products company's stock after purchasing an additional 5,020 shares during the period. Ameriprise Financial Inc. owned 5.40% of Ampco-Pittsburgh worth $2,266,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 49.16% of the company's stock.

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.