Ampco-Pittsburgh (NYSE:AP) Now Covered by StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Ampco-Pittsburgh (NYSE:APGet Rating) in a research note issued to investors on Monday. The firm set a “buy” rating on the industrial products company’s stock.

Ampco-Pittsburgh Stock Performance

Shares of AP opened at $2.88 on Monday. The firm has a 50-day moving average price of $3.46 and a 200 day moving average price of $3.95. The firm has a market capitalization of $55.88 million, a PE ratio of -5.65 and a beta of 0.89. The company has a quick ratio of 0.89, a current ratio of 1.72 and a debt-to-equity ratio of 1.06. Ampco-Pittsburgh has a 52-week low of $2.80 and a 52-week high of $6.67.

Hedge Funds Weigh In On Ampco-Pittsburgh

Several large investors have recently made changes to their positions in the business. Rutabaga Capital Management LLC MA boosted its position in shares of Ampco-Pittsburgh by 18.7% during the 3rd quarter. Rutabaga Capital Management LLC MA now owns 1,144,269 shares of the industrial products company’s stock valued at $4,211,000 after purchasing an additional 180,618 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Ampco-Pittsburgh by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 660,448 shares of the industrial products company’s stock valued at $4,167,000 after buying an additional 13,025 shares in the last quarter. State Street Corp lifted its stake in Ampco-Pittsburgh by 6.1% during the first quarter. State Street Corp now owns 38,516 shares of the industrial products company’s stock valued at $243,000 after buying an additional 2,209 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Ampco-Pittsburgh by 15.7% during the second quarter. NewEdge Advisors LLC now owns 22,146 shares of the industrial products company’s stock valued at $86,000 after buying an additional 3,000 shares in the last quarter. Finally, James Investment Research Inc. lifted its stake in Ampco-Pittsburgh by 15.7% during the second quarter. James Investment Research Inc. now owns 22,146 shares of the industrial products company’s stock valued at $86,000 after buying an additional 3,000 shares in the last quarter. Institutional investors own 45.87% of the company’s stock.

Ampco-Pittsburgh Company Profile

(Get Rating)

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. It operates in two segments, Forged and Cast Engineered Products (FCEG); and Air and Liquid Processing. The FCEG segment produces forged hardened steel rolls that are used in cold rolling mills by producers of steel, aluminum, and other metals; cast rolls for hot and cold strip, medium/heavy section, hot strip finishing, roughing, and plate mills in various iron and steel qualities; and forged engineered products for use in the steel distribution, oil and gas, and aluminum and plastic extrusion industries.

See Also

Receive News & Ratings for Ampco-Pittsburgh Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ampco-Pittsburgh and related companies with MarketBeat.com's FREE daily email newsletter.