StockNews.com assumed coverage on shares of Ampco-Pittsburgh (NYSE:AP – Free Report) in a report issued on Wednesday. The brokerage issued a buy rating on the industrial products company’s stock.
Ampco-Pittsburgh Trading Down 3.9 %
Shares of AP opened at $2.48 on Wednesday. The company has a market capitalization of $49.28 million, a P/E ratio of 35.43 and a beta of 0.69. Ampco-Pittsburgh has a one year low of $2.14 and a one year high of $4.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.94 and a current ratio of 2.04. The stock has a 50-day moving average price of $2.57 and a 200 day moving average price of $2.74.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the company. State Street Corp lifted its holdings in Ampco-Pittsburgh by 6.1% during the 1st quarter. State Street Corp now owns 38,516 shares of the industrial products company’s stock worth $243,000 after buying an additional 2,209 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Ampco-Pittsburgh by 15.7% in the 2nd quarter. NewEdge Advisors LLC now owns 22,146 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 3,000 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ampco-Pittsburgh by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 94,653 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 3,532 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Ampco-Pittsburgh by 1.9% in the 2nd quarter. BlackRock Inc. now owns 205,772 shares of the industrial products company’s stock worth $654,000 after purchasing an additional 3,743 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Ampco-Pittsburgh by 0.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 971,538 shares of the industrial products company’s stock worth $2,555,000 after purchasing an additional 5,733 shares during the last quarter. Institutional investors own 45.22% 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. It operates in two segments, Forged and Cast Engineered Products (FCEG); and Air and Liquid Processing (ALP).
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