Ampco-Pittsburgh (NYSE:AP) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Ampco-Pittsburgh's stock price has recently surpassed its 200-day moving average, trading at $2.73, which could indicate a shift in momentum.
• Wall Street analysts have downgraded Ampco-Pittsburgh from a "buy" rating to a "hold" rating, reflecting concerns over the company's recent performance.
• The company's market cap is currently $55.17 million, with a negative price-to-earnings ratio of -11.31, suggesting financial instability.

Ampco-Pittsburgh Corporation (NYSE:AP - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.67 and traded as high as $2.81. Ampco-Pittsburgh shares last traded at $2.73, with a volume of 52,851 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Ampco-Pittsburgh from a "buy" rating to a "hold" rating in a research report on Monday, August 18th.

Ampco-Pittsburgh Price Performance

The stock has a market cap of $53.69 million, a P/E ratio of -11.01 and a beta of 0.82. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.80 and a quick ratio of 0.91. The business's fifty day moving average price is $3.11 and its 200 day moving average price is $2.69.

Ampco-Pittsburgh (NYSE:AP - Get Free Report) last posted its earnings results on Tuesday, August 12th. The industrial products company reported ($0.06) EPS for the quarter. Ampco-Pittsburgh had a positive return on equity of 1.40% and a negative net margin of 1.22%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Ampco-Pittsburgh by 2.8% in the second quarter. Geode Capital Management LLC now owns 162,066 shares of the industrial products company's stock valued at $480,000 after buying an additional 4,339 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Ampco-Pittsburgh by 0.5% in 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 buying an additional 5,020 shares during the period. Bailard Inc. increased its stake in shares of Ampco-Pittsburgh by 59.5% in the second quarter. Bailard Inc. now owns 19,934 shares of the industrial products company's stock valued at $59,000 after buying an additional 7,434 shares during the period. Jane Street Group LLC acquired a new position in shares of Ampco-Pittsburgh in the second quarter valued at approximately $30,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Ampco-Pittsburgh in the second quarter valued at approximately $32,000. Institutional investors and hedge funds 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.