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

StockNews.com started coverage on shares of Ampco-Pittsburgh (NYSE:AP) in a research report report published on Tuesday morning. The brokerage issued a buy rating on the industrial products company’s stock.

Ampco-Pittsburgh Stock Up 0.9 %

Shares of NYSE:AP opened at $2.22 on Tuesday. 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. The company has a market capitalization of $44.11 million, a PE ratio of -1.09 and a beta of 0.66. The company has a 50 day moving average price of $2.41 and a two-hundred day moving average price of $2.57.

Ampco-Pittsburgh (NYSE:AP) last issued its earnings results on Monday, March 25th. The industrial products company reported ($2.12) EPS for the quarter. Ampco-Pittsburgh had a negative net margin of 9.45% and a negative return on equity of 38.27%. The firm had revenue of $108.11 million during the quarter.

Institutional Investors Weigh In On Ampco-Pittsburgh

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of 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 acquiring an additional 13,025 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Ampco-Pittsburgh by 0.6% during the third quarter. Ameriprise Financial Inc. now owns 971,538 shares of the industrial products company’s stock worth $2,555,000 after acquiring an additional 5,733 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Ampco-Pittsburgh by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 566,431 shares of the industrial products company’s stock worth $1,546,000 after acquiring an additional 8,322 shares in the last quarter. BlackRock Inc. boosted its holdings in Ampco-Pittsburgh by 1.9% during the second 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, Auto Owners Insurance Co acquired a new position in Ampco-Pittsburgh during the fourth quarter worth $608,000. 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 (FCEG); and Air and Liquid Processing (ALP) segments.