Posted by admin on Apr 27th, 2022

StockNews.com began coverage on shares of Ampco-Pittsburgh (NYSE:AP – Get Rating) in a report released on Wednesday. The brokerage issued a buy rating on the industrial products company’s stock.

Separately, TheStreet cut Ampco-Pittsburgh from a c- rating to a d+ rating in a research report on Thursday, April 7th.

Ampco-Pittsburgh stock opened at $5.50 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.51 and a quick ratio of 0.80. Ampco-Pittsburgh has a one year low of $4.12 and a one year high of $8.19. The stock has a market capitalization of $105.55 million, a PE ratio of -8.21 and a beta of 0.91. The business’s fifty day moving average is $6.07 and its 200 day moving average is $5.50.

Ampco-Pittsburgh (NYSE:AP – Get Rating) last released its quarterly earnings data on Wednesday, March 16th. The industrial products company reported ($0.23) EPS for the quarter. Ampco-Pittsburgh had a negative net margin of 3.68% and a negative return on equity of 5.15%. The business had revenue of $84.51 million for the quarter.

A number of large investors have recently made changes to their positions in AP. Barclays PLC boosted its position in Ampco-Pittsburgh by 251.3% in the third quarter. Barclays PLC now owns 5,824 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 4,166 shares during the last quarter. Morgan Stanley lifted its position in shares of Ampco-Pittsburgh by 15.3% during the 3rd quarter. Morgan Stanley now owns 14,827 shares of the industrial products company’s stock valued at $70,000 after buying an additional 1,965 shares in the last quarter. Nierenberg Investment Management Company Inc. purchased a new position in shares of Ampco-Pittsburgh during the 3rd quarter valued at about $412,000. Hunter Associates Investment Management LLC purchased a new position in shares of Ampco-Pittsburgh during the 3rd quarter valued at about $649,000. Finally, Monarch Partners Asset Management LLC lifted its position in shares of Ampco-Pittsburgh by 10.8% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 205,539 shares of the industrial products company’s stock valued at $966,000 after buying an additional 19,962 shares in the last quarter. 45.83% of the stock is currently owned by institutional investors and hedge funds.

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. The FCEG segment produces forged hardened steel rolls that are used in cold rolling mills by producers of steel, aluminum, and other metals; cast rolls for hot and cold strip, medium/heavy section, hot strip finishing, roughing, and plate mills in various iron and steel qualities; and forged engineered products for use in the steel distribution, oil and gas, and aluminum and plastic extrusion industries.

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