Ampco-Pittsburgh (NYSE:AP) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Ampco-Pittsburgh Co. (NYSE:AP)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.05 and traded as high as $2.16. Ampco-Pittsburgh shares last traded at $2.09, with a volume of 9,025 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Ampco-Pittsburgh in a report on Thursday. They issued a “hold” rating for the company.

Ampco-Pittsburgh Trading Up 0.5 %

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 50-day moving average price of $2.21 and a 200-day moving average price of $2.05. The company has a market capitalization of $42.00 million, a price-to-earnings ratio of -0.92 and a beta of 1.00.

Ampco-Pittsburgh (NYSE:AP) last released its earnings results on Wednesday, March 12th. The industrial products company reported $0.16 earnings per share (EPS) for the quarter. Ampco-Pittsburgh had a negative return on equity of 63.13% and a negative net margin of 10.46%. The firm had revenue of $100.94 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AP. State Street Corp increased its position in shares of 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. Geode Capital Management LLC boosted its stake in Ampco-Pittsburgh by 38.5% in the 3rd quarter. Geode Capital Management LLC now owns 152,111 shares of the industrial products company’s stock worth $304,000 after purchasing an additional 42,305 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Ampco-Pittsburgh by 0.5% during the 4th quarter. Ameriprise Financial Inc. now owns 1,084,403 shares of the industrial products company’s stock worth $2,266,000 after purchasing an additional 5,020 shares in the last quarter. Institutional investors own 49.16% of the company’s stock.

About Ampco-Pittsburgh

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.