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

Posted by Maddie Sorensen on Dec 14th, 2024

StockNews.com initiated coverage on shares of Ampco-Pittsburgh (NYSE:AP – Free Report) in a research report released on Friday morning. The firm issued a hold rating on the industrial products company’s stock.

Ampco-Pittsburgh Stock Performance

Shares of AP opened at $2.00 on Friday. Ampco-Pittsburgh has a 52-week low of $0.74 and a 52-week high of $2.89. The firm has a market capitalization of $40.18 million, a PE ratio of -0.88 and a beta of 0.93. The firm has a 50-day moving average price of $1.88 and a 200 day moving average price of $1.64. The company has a quick ratio of 0.98, a current ratio of 1.99 and a debt-to-equity ratio of 1.57.

Hedge Funds Weigh In On Ampco-Pittsburgh

Several hedge funds have recently modified their holdings of AP. Geode Capital Management LLC lifted its holdings in shares of Ampco-Pittsburgh by 38.5% in the third quarter. Geode Capital Management LLC now owns 152,111 shares of the industrial products company’s stock valued at $304,000 after buying an additional 42,305 shares during the period. State Street Corp raised its position in Ampco-Pittsburgh by 92.7% in the third quarter. State Street Corp now owns 74,216 shares of the industrial products company’s stock worth $148,000 after acquiring an additional 35,700 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Ampco-Pittsburgh by 12.7% in the second quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock worth $428,000 after acquiring an additional 62,593 shares in the last quarter. 49.16% of the stock is currently owned by institutional investors and hedge funds.

Ampco-Pittsburgh Company Profile

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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. The company operates through Forged and Cast Engineered Products (FCEP); and Air and Liquid Processing (ALP) segments.