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 $8.99 and traded as high as $9.27. Ampco-Pittsburgh shares last traded at $8.9480, with a volume of 66,534 shares.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings lowered shares of Ampco-Pittsburgh from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ampco-Pittsburgh presently has a consensus rating of "Sell".
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Ampco-Pittsburgh Trading Down 0.2%
The company has a 50-day moving average price of $8.98 and a 200-day moving average price of $8.99. The firm has a market capitalization of $184.87 million, a price-to-earnings ratio of -3.05 and a beta of 1.30. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.96 and a current ratio of 1.78.
Ampco-Pittsburgh (NYSE:AP - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The industrial products company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). The business had revenue of $97.90 million during the quarter, compared to analysts' expectations of $84.90 million. Ampco-Pittsburgh had a negative net margin of 13.84% and a negative return on equity of 3.53%.
Insider Buying and Selling
In other Ampco-Pittsburgh news, insider Samuel Lyon sold 9,500 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $9.82, for a total value of $93,290.00. Following the transaction, the insider directly owned 181,233 shares in the company, valued at $1,779,708.06. This represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.48% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its position in shares of Ampco-Pittsburgh by 164.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,600 shares of the industrial products company's stock valued at $44,000 after buying an additional 4,100 shares during the last quarter. Jane Street Group LLC acquired a new stake in Ampco-Pittsburgh during the 2nd quarter worth $30,000. Group One Trading LLC lifted its position in Ampco-Pittsburgh by 101.6% in the fourth quarter. Group One Trading LLC now owns 10,280 shares of the industrial products company's stock valued at $55,000 after acquiring an additional 5,180 shares during the last quarter. Belvedere Trading LLC purchased a new stake in Ampco-Pittsburgh in the fourth quarter valued at $55,000. Finally, Hodges Capital Management Inc. acquired a new position in Ampco-Pittsburgh in the first quarter valued at $73,000. Institutional investors and hedge funds own 49.16% of the company's stock.
About Ampco-Pittsburgh
(
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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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