Wall Street Zen started coverage on shares of Ampco-Pittsburgh (NYSE:AP - Free Report) in a research report report published on Thursday morning. The firm issued a hold rating on the industrial products company's stock.
Ampco-Pittsburgh Stock Down 1.3%
AP stock traded down $0.04 during trading hours on Thursday, reaching $2.96. 31,571 shares of the stock were exchanged, compared to its average volume of 280,849. The firm's 50-day moving average is $2.20 and its 200-day moving average is $2.14. Ampco-Pittsburgh has a 12 month low of $0.74 and a 12 month high of $3.43. The company has a market cap of $59.48 million, a price-to-earnings ratio of -1.31 and a beta of 0.66. 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 released 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 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.
Hedge Funds Weigh In On Ampco-Pittsburgh
An institutional investor recently raised its position in Ampco-Pittsburgh stock. Ameriprise Financial Inc. lifted its holdings in shares of Ampco-Pittsburgh Co. (NYSE:AP - Free Report) by 0.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,084,403 shares of the industrial products company's stock after acquiring an additional 5,020 shares during the quarter. Ameriprise Financial Inc. owned approximately 5.40% of Ampco-Pittsburgh worth $2,266,000 as of its most recent SEC filing. Institutional investors and hedge funds own 49.16% of the company's stock.
About Ampco-Pittsburgh
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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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