Wall Street Zen assumed coverage on shares of Ampco-Pittsburgh (NYSE:AP - Free Report) in a research note published on Thursday. The firm issued a hold rating on the industrial products company's stock.
Ampco-Pittsburgh Stock Performance
NYSE AP traded up $0.06 during trading hours on Thursday, hitting $3.03. The company's stock had a trading volume of 80,244 shares, compared to its average volume of 281,003. The company's 50 day simple moving average is $2.23 and its two-hundred day simple moving average is $2.16. The company has a market cap of $60.95 million, a P/E ratio of -1.34 and a beta of 0.66. Ampco-Pittsburgh has a 12 month low of $0.74 and a 12 month high of $3.43. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.99 and a quick ratio of 0.98.
Ampco-Pittsburgh (NYSE:AP - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The industrial products company reported $0.06 earnings per share for the quarter. Ampco-Pittsburgh had a negative return on equity of 63.13% and a negative net margin of 10.46%. The firm had revenue of $104.27 million for the quarter.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Ampco-Pittsburgh stock. Ameriprise Financial Inc. increased its holdings 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 approximately 5.40% of Ampco-Pittsburgh worth $2,266,000 at the end of the most recent quarter. 49.16% of the stock is owned by institutional investors and hedge funds.
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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