Shares of Ampco-Pittsburgh Corporation (NYSE:AP - Get Free Report) passed 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 changing hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen initiated coverage on shares of Ampco-Pittsburgh in a research note on Thursday, May 22nd. They issued a "hold" rating for the company.
Read Our Latest Stock Analysis on AP
Ampco-Pittsburgh Stock Performance
The company has a debt-to-equity ratio of 1.48, a current ratio of 1.86 and a quick ratio of 0.92. The stock has a 50-day moving average price of $2.76 and a 200-day moving average price of $2.36. The company has a market capitalization of $59.06 million, a price-to-earnings ratio of 13.36 and a beta of 0.86.
Ampco-Pittsburgh (NYSE:AP - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter. Ampco-Pittsburgh had a return on equity of 5.89% and a net margin of 1.04%. The business had revenue of $104.27 million during the quarter.
Institutional Trading of Ampco-Pittsburgh
An institutional investor recently raised its position in Ampco-Pittsburgh stock. Ameriprise Financial Inc. raised its position in Ampco-Pittsburgh Corporation (NYSE:AP - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,084,403 shares of the industrial products company's stock after buying an additional 5,020 shares during the quarter. Ameriprise Financial Inc. owned 5.40% of Ampco-Pittsburgh worth $2,266,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 49.16% of the company's stock.
About Ampco-Pittsburgh
(
Get Free Report)
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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