Ampco-Pittsburgh (NYSE:AP) Earns Buy Rating from Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating on the industrial products company’s stock.

Ampco-Pittsburgh Trading Down 4.6 %

Shares of Ampco-Pittsburgh stock opened at $2.26 on Tuesday. The firm has a 50-day moving average of $2.43 and a 200-day moving average of $2.57. The stock has a market cap of $44.90 million, a PE ratio of -1.11 and a beta of 0.66. Ampco-Pittsburgh has a 52-week low of $2.09 and a 52-week high of $4.00. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.96 and a current ratio of 2.02.

Institutional Investors Weigh In On Ampco-Pittsburgh

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in Ampco-Pittsburgh by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 660,448 shares of the industrial products company’s stock worth $4,167,000 after purchasing an additional 13,025 shares during the period. State Street Corp lifted its position in Ampco-Pittsburgh by 6.1% during the first quarter. State Street Corp now owns 38,516 shares of the industrial products company’s stock worth $243,000 after purchasing an additional 2,209 shares during the period. NewEdge Advisors LLC lifted its position in Ampco-Pittsburgh by 15.7% during the second 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 period. Geode Capital Management LLC lifted its position in Ampco-Pittsburgh by 3.9% during the fourth 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 period. Finally, Auto Owners Insurance Co bought a new stake in Ampco-Pittsburgh during the fourth quarter worth about $608,000. Institutional investors own 49.16% of the company’s stock.

Ampco-Pittsburgh Company Profile

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).