Dimensional Fund Advisors LP Sells 196,066 Shares of Ampco-Pittsburgh Co. (NYSE:AP)

Dimensional Fund Advisors LP trimmed its stake in shares of Ampco-Pittsburgh Co. (NYSE:AP) by 31.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 420,297 shares of the industrial products company’s stock after selling 196,066 shares during the period. Dimensional Fund Advisors LP owned approximately 2.12% of Ampco-Pittsburgh worth $324,000 as of its most recent filing with the Securities & Exchange Commission.

Ampco-Pittsburgh Trading Up 3.4 %

AP stock opened at $1.84 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.98 and a debt-to-equity ratio of 1.72. Ampco-Pittsburgh Co. has a twelve month low of $0.74 and a twelve month high of $3.02. The stock has a market capitalization of $36.55 million, a price-to-earnings ratio of -0.84 and a beta of 0.84. The firm’s fifty day simple moving average is $1.86 and its two-hundred day simple moving average is $1.67.

Ampco-Pittsburgh (NYSE:AP) last posted its quarterly earnings results on Monday, August 12th. The industrial products company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $110.99 million for the quarter. Ampco-Pittsburgh had a negative net margin of 9.67% and a negative return on equity of 51.75%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Ampco-Pittsburgh from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th.

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.