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

Key Points

• Ampco-Pittsburgh crossed above its 200-day moving average of $4.05, trading as high as $9.57 and last at $9.35 on volume of 132,802, more than double the 200‑day level.
• Analyst sentiment is negative — MarketBeat shows an average rating of Sell, with Weiss Ratings reiterating a "sell (d-)" and Wall Street Zen downgrading the stock to "hold."
• The company has a small market cap ($190.1M) and a negative P/E (-37.4), yet institutional ownership is substantial (49.16%) with recent stake increases from firms including Marshall Wace, Gamco and Vanguard.

Ampco-Pittsburgh Corporation (NYSE:AP - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.05 and traded as high as $9.57. Ampco-Pittsburgh shares last traded at $9.35, with a volume of 132,802 shares.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AP shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Ampco-Pittsburgh in a research report on Wednesday, January 21st. Wall Street Zen downgraded shares of 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 stock has an average rating of "Sell".

Ampco-Pittsburgh Stock Up 3.1%

The company has a quick ratio of 0.96, a current ratio of 1.84 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $190.09 million, a price-to-earnings ratio of -37.40 and a beta of 0.70. The stock has a 50 day moving average of $6.69 and a 200 day moving average of $4.05.

Institutional Trading of Ampco-Pittsburgh

Several institutional investors have recently added to or reduced their stakes in AP. Marshall Wace LLP bought a new position in shares of Ampco-Pittsburgh in the 4th quarter worth about $1,110,000. Informed Momentum Co LLC acquired a new stake in Ampco-Pittsburgh during the fourth quarter worth about $791,000. Teton Advisors LLC bought a new position in Ampco-Pittsburgh in the third quarter worth about $248,000. Gamco Investors INC. ET AL boosted its stake in Ampco-Pittsburgh by 3.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,470,828 shares of the industrial products company's stock valued at $13,170,000 after acquiring an additional 86,618 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Ampco-Pittsburgh by 6.0% during the third quarter. Vanguard Group Inc. now owns 667,704 shares of the industrial products company's stock valued at $1,529,000 after purchasing an additional 38,021 shares during the last quarter. Institutional investors own 49.16% of the company's stock.

Ampco-Pittsburgh Company Profile

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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