Ampco-Pittsburgh (NYSE:AP) Coverage Initiated by Analysts at StockNews.com

Posted by Teresa Graham on Jan 8th, 2025

Equities research analysts at StockNews.com began coverage on shares of Ampco-Pittsburgh (NYSE:AP – Get Free Report) in a research report issued on Monday. The firm set a “hold” rating on the industrial products company’s stock.

Ampco-Pittsburgh Stock Performance

Shares of AP opened at $2.26 on Monday. Ampco-Pittsburgh has a 1 year low of $0.74 and a 1 year high of $2.80. The company’s 50 day simple moving average is $1.96 and its 200 day simple moving average is $1.77. The company has a market capitalization of $45.41 million, a price-to-earnings ratio of -1.00 and a beta of 0.95. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.98 and a current ratio of 1.99.

Hedge Funds Weigh In On Ampco-Pittsburgh

Several large investors have recently added to or reduced their stakes in AP. State Street Corp boosted its holdings in shares of Ampco-Pittsburgh by 92.7% in the 3rd quarter. State Street Corp now owns 74,216 shares of the industrial products company’s stock valued at $148,000 after purchasing an additional 35,700 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Ampco-Pittsburgh by 38.5% during the 3rd quarter. Geode Capital Management LLC now owns 152,111 shares of the industrial products company’s stock worth $304,000 after buying an additional 42,305 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Ampco-Pittsburgh by 12.7% in the 2nd quarter. Renaissance Technologies LLC now owns 556,396 shares of the industrial products company’s stock worth $428,000 after buying an additional 62,593 shares during the period. 49.16% of the stock is currently owned by hedge funds and other institutional investors.

About Ampco-Pittsburgh

(Get Free Report)

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 (FCEP); and Air and Liquid Processing (ALP) segments.