Michael I. German Purchases 5,000 Shares of Ampco-Pittsburgh Corp (NYSE:AP) Stock

Ampco-Pittsburgh Corp (NYSE:AP) Director Michael I. German purchased 5,000 shares of Ampco-Pittsburgh stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $2.95 per share, with a total value of $14,750.00.

NYSE:AP traded down $0.06 during trading hours on Friday, hitting $2.95. The company’s stock had a trading volume of 33,300 shares, compared to its average volume of 34,427. Ampco-Pittsburgh Corp has a 52-week low of $2.79 and a 52-week high of $4.92. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.85 and a current ratio of 1.53. The business’s 50-day moving average is $3.53 and its two-hundred day moving average is $3.81. The company has a market capitalization of $37.29 million, a PE ratio of -3.11 and a beta of 1.16.

Ampco-Pittsburgh (NYSE:AP) last issued its earnings results on Thursday, November 7th. The industrial products company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.24. Ampco-Pittsburgh had a negative net margin of 21.25% and a negative return on equity of 12.22%. The company had revenue of $90.87 million for the quarter, compared to analyst estimates of $92.30 million. As a group, analysts predict that Ampco-Pittsburgh Corp will post 0.03 EPS for the current fiscal year.

Separately, ValuEngine downgraded Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd.

Institutional investors and hedge funds have recently made changes to their positions in the company. Alambic Investment Management L.P. grew its holdings in shares of Ampco-Pittsburgh by 4.1% in the 2nd quarter. Alambic Investment Management L.P. now owns 127,554 shares of the industrial products company’s stock worth $514,000 after acquiring an additional 5,072 shares during the period. Renaissance Technologies LLC increased its stake in Ampco-Pittsburgh by 9.4% in the 2nd quarter. Renaissance Technologies LLC now owns 477,024 shares of the industrial products company’s stock valued at $1,922,000 after purchasing an additional 41,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Ampco-Pittsburgh by 154.7% in the 2nd quarter. Vanguard Group Inc. now owns 630,648 shares of the industrial products company’s stock valued at $2,542,000 after purchasing an additional 383,042 shares in the last quarter. Institutional investors and hedge funds own 46.99% of the company’s stock.

About Ampco-Pittsburgh

Ampco-Pittsburgh Corporation, together with its subsidiaries, manufactures and sells custom designed engineering products to commercial and industrial users in the United States and internationally. The company operates in two segments, Forged and Cast Engineered Products; and Air and Liquid Processing.

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Insider Buying and Selling by Quarter for Ampco-Pittsburgh (NYSE:AP)

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