Ampco-Pittsburgh (NYSE:AP) Coverage Initiated by Analysts at StockNews.com

Posted by Oscar Bower on Dec 22nd, 2024

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

Ampco-Pittsburgh Stock Up 1.5 %

Shares of AP opened at $1.98 on Friday. The firm has a fifty day moving average price of $1.90 and a 200-day moving average price of $1.67. The company has a current ratio of 1.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $39.79 million, a P/E ratio of -0.88 and a beta of 0.93. Ampco-Pittsburgh has a 12-month low of $0.74 and a 12-month high of $2.89.

Institutional Trading of Ampco-Pittsburgh

A number of large investors have recently modified their holdings of AP. Renaissance Technologies LLC raised its position in Ampco-Pittsburgh by 12.7% during the 2nd quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock valued at $428,000 after purchasing an additional 62,593 shares in the last quarter. State Street Corp grew its position in shares of Ampco-Pittsburgh by 92.7% during the 3rd quarter. State Street Corp now owns 74,216 shares of the industrial products company’s stock worth $148,000 after buying an additional 35,700 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Ampco-Pittsburgh by 38.5% during 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. Hedge funds and other institutional investors own 49.16% of the company’s stock.

About Ampco-Pittsburgh

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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.