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

StockNews.com assumed coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a report released on Thursday. The firm issued a buy rating on the industrial products company’s stock.

Ampco-Pittsburgh Trading Up 0.7 %

NYSE AP opened at $2.74 on Thursday. The business’s 50-day moving average price is $2.75 and its two-hundred day moving average price is $3.06. Ampco-Pittsburgh has a 12 month low of $2.14 and a 12 month high of $4.00. The firm has a market capitalization of $54.43 million, a PE ratio of 39.14 and a beta of 0.87. The company has a current ratio of 2.04, a quick ratio of 0.92 and a debt-to-equity ratio of 1.00.

Hedge Funds Weigh In On Ampco-Pittsburgh

Several institutional investors and hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. purchased a new stake in shares of Ampco-Pittsburgh in the first quarter worth $30,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Ampco-Pittsburgh in the first quarter worth $45,000. NewEdge Advisors LLC raised its position in shares of Ampco-Pittsburgh by 15.7% in the second quarter. NewEdge Advisors LLC now owns 22,146 shares of the industrial products company’s stock worth $86,000 after buying an additional 3,000 shares in the last quarter. Tejara Capital Ltd purchased a new stake in shares of Ampco-Pittsburgh in the fourth quarter worth $114,000. Finally, Geode Capital Management LLC raised its position in shares of 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 buying an additional 3,532 shares in the last quarter. 45.22% of the stock is owned by institutional investors.

Ampco-Pittsburgh Company Profile

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).