StockNews.com Initiates Coverage on Ampco-Pittsburgh (NYSE:AP)

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

Ampco-Pittsburgh Trading Down 1.7 %

Shares of Ampco-Pittsburgh stock opened at $2.31 on Monday. The stock has a fifty day simple moving average of $2.45 and a 200 day simple moving average of $2.59. Ampco-Pittsburgh has a 12-month low of $2.09 and a 12-month high of $4.00. The company has a market capitalization of $45.90 million, a P/E ratio of -1.14 and a beta of 0.66. The company has a current ratio of 2.02, a quick ratio of 0.96 and a debt-to-equity ratio of 1.63.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in Ampco-Pittsburgh by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 660,448 shares of the industrial products company’s stock valued at $4,167,000 after purchasing an additional 13,025 shares during the period. Ameriprise Financial Inc. grew its stake in Ampco-Pittsburgh by 0.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 971,538 shares of the industrial products company’s stock valued at $2,555,000 after purchasing an additional 5,733 shares during the period. Vanguard Group Inc. grew its stake in Ampco-Pittsburgh by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 566,431 shares of the industrial products company’s stock valued at $1,546,000 after purchasing an additional 8,322 shares during the period. BlackRock Inc. grew its stake in Ampco-Pittsburgh by 1.9% in the 2nd quarter. BlackRock Inc. now owns 205,772 shares of the industrial products company’s stock valued at $654,000 after purchasing an additional 3,743 shares during the period. Finally, Auto Owners Insurance Co purchased a new position in shares of Ampco-Pittsburgh during the 4th quarter valued at $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).