Ampco-Pittsburgh (NYSE:AP) Stock Price Crosses Above 200 Day Moving Average of $3.05

Ampco-Pittsburgh Co. (NYSE:AP)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.05 and traded as high as $3.18. Ampco-Pittsburgh shares last traded at $3.07, with a volume of 10,001 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Ampco-Pittsburgh in a research note on Wednesday. They set a “buy” rating for the company.

Ampco-Pittsburgh Stock Up 1.3 %

The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.92 and a current ratio of 1.98. The company has a fifty day simple moving average of $3.41 and a two-hundred day simple moving average of $3.05. The firm has a market capitalization of $61.78 million, a PE ratio of 43.43 and a beta of 0.98.

Ampco-Pittsburgh (NYSE:AP) last released its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.02 earnings per share for the quarter. The company had revenue of $107.21 million during the quarter. Ampco-Pittsburgh had a net margin of 0.37% and a return on equity of 1.40%.

Hedge Funds Weigh In On Ampco-Pittsburgh

Several institutional investors have recently bought and sold shares of AP. Dimensional Fund Advisors LP lifted its position in shares of 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 during the last quarter. Auto Owners Insurance Co purchased a new stake in Ampco-Pittsburgh during the fourth quarter valued at approximately $608,000. BlackRock Inc. boosted its stake in Ampco-Pittsburgh by 1.9% in the second quarter. BlackRock Inc. now owns 205,772 shares of the industrial products company’s stock valued at $654,000 after acquiring an additional 3,743 shares in the last quarter. Geode Capital Management LLC grew its holdings in Ampco-Pittsburgh by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 94,653 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 3,532 shares during the last quarter. Finally, Tejara Capital Ltd acquired a new position in shares of Ampco-Pittsburgh during the fourth quarter worth $114,000. 45.22% of the stock is owned by hedge funds and other institutional investors.

About Ampco-Pittsburgh

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 (ALP).