Ampco-Pittsburgh Corp (NYSE:AP) Director Purchases $18,090.20 in Stock

Ampco-Pittsburgh Corp (NYSE:AP) Director Carl H. Pforzheimer II acquired 6,238 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was acquired at an average price of $2.90 per share, for a total transaction of $18,090.20. Following the completion of the purchase, the director now directly owns 43,762 shares of the company’s stock, valued at approximately $126,909.80. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

AP stock traded up $0.02 during trading on Tuesday, reaching $2.89. 410 shares of the stock were exchanged, compared to its average volume of 80,324. Ampco-Pittsburgh Corp has a twelve month low of $1.94 and a twelve month high of $4.50. The company has a market capitalization of $38.74 million, a P/E ratio of -20.64 and a beta of 1.36. The stock has a 50 day simple moving average of $3.21 and a 200-day simple moving average of $3.00. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 0.91.

Ampco-Pittsburgh (NYSE:AP) last released its earnings results on Wednesday, May 6th. The industrial products company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.17. Ampco-Pittsburgh had a positive return on equity of 11.84% and a negative net margin of 0.44%. The business had revenue of $91.06 million for the quarter, compared to the consensus estimate of $103.30 million. Equities analysts predict that Ampco-Pittsburgh Corp will post -0.54 EPS for the current year.

An institutional investor recently raised its position in Ampco-Pittsburgh stock. Morgan Stanley increased its position in shares of Ampco-Pittsburgh Corp (NYSE:AP) by 52.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,940 shares of the industrial products company’s stock after buying an additional 5,500 shares during the quarter. Morgan Stanley owned 0.13% of Ampco-Pittsburgh worth $40,000 at the end of the most recent quarter. 45.87% of the stock is owned by institutional investors.

A number of research firms have recently commented on AP. ValuEngine upgraded Ampco-Pittsburgh from a “sell” rating to a “hold” rating in a research note on Monday, June 1st. Zacks Investment Research lowered Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a research note on Monday, May 18th.

Ampco-Pittsburgh Company Profile

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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