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Ampco-Pittsburgh (NYSE:AP) Upgraded at Wall Street Zen

Ampco-Pittsburgh logo with Industrials background

Key Points

  • Ampco-Pittsburgh's stock rating has been upgraded from "hold" to "buy" by analysts at Wall Street Zen.
  • The company's stock has a current price of $3.40, with a 52-week range between $1.32 and $3.99.
  • Ampco-Pittsburgh's latest earnings report showed a revenue of $104.27 million and an earnings per share (EPS) of $0.06.
  • Looking to export and analyze Ampco-Pittsburgh data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Ampco-Pittsburgh (NYSE:AP - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Sunday.

Ampco-Pittsburgh Stock Performance

Ampco-Pittsburgh stock traded down $0.01 during mid-day trading on Friday, reaching $3.41. The company's stock had a trading volume of 62,570 shares, compared to its average volume of 71,339. The firm has a market cap of $68.51 million, a price-to-earnings ratio of 15.50 and a beta of 0.89. The business has a 50 day moving average price of $3.23 and a 200-day moving average price of $2.58. The company has a current ratio of 1.86, a quick ratio of 0.92 and a debt-to-equity ratio of 1.48. Ampco-Pittsburgh has a twelve month low of $1.32 and a twelve month high of $3.99.

Ampco-Pittsburgh (NYSE:AP - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter. Ampco-Pittsburgh had a net margin of 1.04% and a return on equity of 5.89%. The company had revenue of $104.27 million during the quarter.

Institutional Investors Weigh In On Ampco-Pittsburgh

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in Ampco-Pittsburgh by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 162,066 shares of the industrial products company's stock valued at $480,000 after acquiring an additional 4,339 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Ampco-Pittsburgh by 0.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,084,403 shares of the industrial products company's stock valued at $2,266,000 after buying an additional 5,020 shares in the last quarter. Bailard Inc. grew its stake in shares of Ampco-Pittsburgh by 59.5% in the 2nd quarter. Bailard Inc. now owns 19,934 shares of the industrial products company's stock valued at $59,000 after buying an additional 7,434 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Ampco-Pittsburgh during the second quarter worth approximately $32,000. 49.16% of the stock is currently owned by institutional investors.

About Ampco-Pittsburgh

(Get Free Report)

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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