Ampco-Pittsburgh Corporation (NYSE:AP - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.38 and traded as high as $2.94. Ampco-Pittsburgh shares last traded at $2.90, with a volume of 51,051 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Ampco-Pittsburgh to a "buy" rating in a research report on Saturday.
Read Our Latest Research Report on AP
Ampco-Pittsburgh Price Performance
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 company has a market cap of $58.68 million, a PE ratio of 13.27 and a beta of 0.85. The firm has a 50 day moving average of $2.85 and a two-hundred day moving average of $2.39.
Ampco-Pittsburgh (NYSE:AP - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $104.27 million for the quarter. Ampco-Pittsburgh had a return on equity of 5.89% and a net margin of 1.04%.
Institutional Investors Weigh In On Ampco-Pittsburgh
A hedge fund recently bought a new stake in Ampco-Pittsburgh stock. Bailard Inc. acquired a new stake in shares of Ampco-Pittsburgh Corporation (NYSE:AP - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,500 shares of the industrial products company's stock, valued at approximately $27,000. Bailard Inc. owned approximately 0.06% of Ampco-Pittsburgh as of its most recent SEC filing. 49.16% of the stock is owned by institutional investors.
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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