Ampco-Pittsburgh Corporation (NYSE:AP - Get Free Report) shares passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $8.64 and traded as high as $8.73. Ampco-Pittsburgh shares last traded at $8.68, with a volume of 71,580 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings lowered shares of Ampco-Pittsburgh from a "sell (d)" rating to a "sell (d-)" rating in a research note on Tuesday, August 25th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of "Sell".
View Our Latest Analysis on AP
Ampco-Pittsburgh Trading Up 4.8%
The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.96 and a current ratio of 1.78. The firm has a fifty day moving average price of $8.64 and a 200 day moving average price of $8.69. The company has a market cap of $179.33 million, a price-to-earnings ratio of -2.96 and a beta of 1.36.
Ampco-Pittsburgh (NYSE:AP - Get Free Report) last issued its earnings results on Tuesday, August 11th. The industrial products company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). Ampco-Pittsburgh had a negative return on equity of 3.53% and a negative net margin of 13.84%. The firm had revenue of $97.90 million for the quarter, compared to analyst estimates of $84.90 million.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Engineers Gate Manager LP bought a new stake in Ampco-Pittsburgh in the 2nd quarter valued at $106,000. Empowered Funds LLC bought a new position in Ampco-Pittsburgh during the second quarter worth $435,000. Raffles Associates LP acquired a new position in shares of Ampco-Pittsburgh in the second quarter valued at $130,000. Bank of America Corp DE acquired a new position in shares of Ampco-Pittsburgh in the second quarter valued at $121,000. Finally, Meros Investment Management LP bought a new position in shares of Ampco-Pittsburgh in the second quarter valued at about $2,075,222. 49.16% of the stock is currently owned by institutional investors and hedge funds.
Ampco-Pittsburgh Company Profile
(
Get Free Report)
Ampco-Pittsburgh Corporation NYSE: AP is a diversified industrial manufacturer headquartered in Pittsburgh, Pennsylvania. Founded in 1929, the company develops and produces specialized equipment and engineered products for industrial customers, with operations serving markets in North America, Europe and other international regions.
Through its forged and cast engineered products business, Ampco-Pittsburgh manufactures steel rolls and related products used primarily in metal-producing and metal-processing applications.
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