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

Key Points

• Stock crossed above its 200‑day moving average: Ampco‑Pittsburgh traded as high as $7.55 and last at $7.12, well above its 200‑day average of $4.61.
• Analysts and fundamentals remain weak: The consensus rating is a "Sell", and the company reported negative EPS, a -15.22% net margin, negative ROE, and a debt‑to‑equity ratio of 2.46.
• Insider buying amid mixed ownership: CEO Brett McBrayer purchased 7,500 shares at about $6.67 and insiders own 31.61% of the stock, while institutional investors hold roughly 49%.

Ampco-Pittsburgh Corporation (NYSE:AP - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.61 and traded as high as $7.55. Ampco-Pittsburgh shares last traded at $7.12, with a volume of 147,639 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Ampco-Pittsburgh in a research report on Wednesday, January 21st. Wall Street Zen downgraded Ampco-Pittsburgh from a "buy" rating to a "hold" rating in a report on Saturday, February 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of "Sell".

Ampco-Pittsburgh Stock Performance

The company has a market cap of $144.75 million, a PE ratio of -2.18 and a beta of 0.70. The stock's 50 day simple moving average is $7.53 and its two-hundred day simple moving average is $4.61. The company has a quick ratio of 1.04, a current ratio of 1.84 and a debt-to-equity ratio of 2.46.

Ampco-Pittsburgh (NYSE:AP - Get Free Report) last announced its quarterly earnings data on Monday, March 16th. The industrial products company reported ($0.17) earnings per share (EPS) for the quarter. The company had revenue of $104.37 million for the quarter. Ampco-Pittsburgh had a negative net margin of 15.22% and a negative return on equity of 3.83%.

Insider Transactions at Ampco-Pittsburgh

In other news, CEO Brett Mcbrayer purchased 7,500 shares of the company's stock in a transaction on Thursday, March 19th. The stock was bought at an average cost of $6.67 per share, for a total transaction of $50,025.00. Following the completion of the purchase, the chief executive officer directly owned 585,731 shares of the company's stock, valued at $3,906,825.77. The trade was a 1.30% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 31.61% of the company's stock.

Hedge Funds Weigh In On Ampco-Pittsburgh

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in Ampco-Pittsburgh during the 2nd quarter worth approximately $30,000. Group One Trading LLC acquired a new position in Ampco-Pittsburgh during the second quarter valued at approximately $43,000. Belvedere Trading LLC purchased a new stake in Ampco-Pittsburgh during the fourth quarter worth approximately $55,000. Citadel Advisors LLC purchased a new stake in Ampco-Pittsburgh during the third quarter worth approximately $72,000. Finally, HRT Financial LP acquired a new stake in shares of Ampco-Pittsburgh in the fourth quarter worth $77,000. 49.16% of the stock is owned by institutional investors and hedge funds.

About Ampco-Pittsburgh

Ampco-Pittsburgh Corporation is a U.S.-based specialty metals manufacturer that produces cast and forged components for a range of industrial markets. The company's primary offerings include custom-designed forged rolls, grinding rolls and specialty bars for the steel and metal processing industries. In addition, Ampco-Pittsburgh supplies precision couplings, gears and die components for original equipment manufacturers in sectors such as mining, power generation and heavy machinery.

The company operates multiple production facilities in North America, where it employs advanced melting, heat-treating and machining processes to deliver components with tight tolerances and enhanced wear resistance.

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