Ampco-Pittsburgh Corporation (NYSE:AP) Short Interest Update

Ampco-Pittsburgh Corporation (NYSE:AP) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 162,044 shares, a growth of 635.2% from the January 29th total of 22,040 shares. Based on an average daily trading volume, of 385,624 shares, the short-interest ratio is presently 0.4 days. Approximately 1.2% of the shares of the stock are sold short. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 385,624 shares, the short-interest ratio is presently 0.4 days.

Ampco-Pittsburgh Trading Down 5.5%

Shares of NYSE AP traded down $0.53 during midday trading on Thursday, hitting $8.99. The company’s stock had a trading volume of 131,335 shares, compared to its average volume of 286,949. Ampco-Pittsburgh has a 12-month low of $1.75 and a 12-month high of $9.55. The company has a current ratio of 1.84, a quick ratio of 0.96 and a debt-to-equity ratio of 1.60. The firm has a market cap of $182.81 million, a P/E ratio of -35.97 and a beta of 0.83. The business’s 50 day moving average is $6.17 and its two-hundred day moving average is $3.84.

Insider Activity at Ampco-Pittsburgh

In related news, CEO Brett Mcbrayer bought 19,000 shares of the stock in a transaction dated Monday, December 1st. The shares were purchased at an average price of $2.58 per share, with a total value of $49,020.00. Following the completion of the acquisition, the chief executive officer owned 448,631 shares of the company’s stock, valued at $1,157,467.98. This represents a 4.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 31.61% of the stock is owned by insiders.

Institutional Investors Weigh In On Ampco-Pittsburgh

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new stake in Ampco-Pittsburgh in the 4th quarter valued at about $1,110,000. Informed Momentum Co LLC bought a new stake in shares of Ampco-Pittsburgh during the fourth quarter valued at approximately $791,000. Teton Advisors LLC purchased a new stake in shares of Ampco-Pittsburgh in the third quarter valued at approximately $248,000. Gamco Investors INC. ET AL grew its stake in Ampco-Pittsburgh by 3.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,470,828 shares of the industrial products company’s stock worth $13,170,000 after purchasing an additional 86,618 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Ampco-Pittsburgh by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 667,704 shares of the industrial products company’s stock valued at $1,529,000 after purchasing an additional 38,021 shares in the last quarter. Institutional investors own 49.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Ampco-Pittsburgh in a report on Wednesday, January 21st. Wall Street Zen downgraded Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Ampco-Pittsburgh Company Profile

Ampco-Pittsburgh Corporation is a U.S.-based specialty metals manufacturer that produces cast and forged components for a range of industrial markets. The company’s primary offerings include custom-designed forged rolls, grinding rolls and specialty bars for the steel and metal processing industries. In addition, Ampco-Pittsburgh supplies precision couplings, gears and die components for original equipment manufacturers in sectors such as mining, power generation and heavy machinery.

The company operates multiple production facilities in North America, where it employs advanced melting, heat-treating and machining processes to deliver components with tight tolerances and enhanced wear resistance.