Ampco-Pittsburgh Corporation (NYSE:AP - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.30 and traded as high as $3.28. Ampco-Pittsburgh shares last traded at $3.22, with a volume of 67,486 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen started coverage on shares of Ampco-Pittsburgh in a research note on Thursday, May 22nd. They issued a "hold" rating on the stock.
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Ampco-Pittsburgh Stock Down 1.0%
The business's 50 day moving average is $2.60 and its 200-day moving average is $2.31. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.92 and a current ratio of 1.86. The firm has a market capitalization of $60.87 million, a price-to-earnings ratio of 13.77 and a beta of 0.86.
Ampco-Pittsburgh (NYSE:AP - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The industrial products company reported $0.06 earnings per share for the quarter. Ampco-Pittsburgh had a net margin of 1.04% and a return on equity of 5.89%. The firm had revenue of $104.27 million during the quarter.
Institutional Trading of Ampco-Pittsburgh
A hedge fund recently raised its stake in Ampco-Pittsburgh stock. Ameriprise Financial Inc. lifted its holdings in shares of Ampco-Pittsburgh Corporation (NYSE:AP - Free Report) by 0.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,084,403 shares of the industrial products company's stock after acquiring an additional 5,020 shares during the period. Ameriprise Financial Inc. owned approximately 5.40% of Ampco-Pittsburgh worth $2,266,000 as of its most recent filing with the SEC. 49.16% of the stock is owned by institutional investors and hedge funds.
About Ampco-Pittsburgh
(
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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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