Ampco-Pittsburgh Co. (NYSE:AP - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.24 and traded as high as $3.72. Ampco-Pittsburgh shares last traded at $3.67, with a volume of 66,424 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen began coverage on Ampco-Pittsburgh in a research report on Thursday, May 22nd. They issued a "hold" rating for the company.
Get Our Latest Stock Analysis on AP
Ampco-Pittsburgh Price Performance
The company has a quick ratio of 0.98, a current ratio of 1.99 and a debt-to-equity ratio of 1.57. The firm's fifty day moving average price is $2.47 and its two-hundred day moving average price is $2.27. The stock has a market capitalization of $65.79 million, a PE ratio of -1.45 and a beta of 0.86.
Ampco-Pittsburgh (NYSE:AP - Get Free Report) last posted its earnings results on Monday, May 12th. The industrial products company reported $0.06 EPS for the quarter. The business had revenue of $104.27 million during the quarter. Ampco-Pittsburgh had a negative net margin of 10.46% and a negative return on equity of 63.13%.
Institutional Trading of Ampco-Pittsburgh
A hedge fund recently raised its stake in Ampco-Pittsburgh stock. Ameriprise Financial Inc. boosted its position in Ampco-Pittsburgh Co. (NYSE:AP - Free Report) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,084,403 shares of the industrial products company's stock after purchasing an additional 5,020 shares during the period. Ameriprise Financial Inc. owned about 5.40% of Ampco-Pittsburgh worth $2,266,000 as of its most recent SEC filing. 49.16% of the stock is owned by hedge funds and other institutional investors.
Ampco-Pittsburgh Company Profile
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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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