Ampco-Pittsburgh (NYSE:AP) Shares Pass Above 200 Day Moving Average – What’s Next?

Shares of Ampco-Pittsburgh Co. (NYSE:AP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.66 and traded as high as $2.03. Ampco-Pittsburgh shares last traded at $1.98, with a volume of 44,490 shares.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Ampco-Pittsburgh in a report on Saturday. They issued a “hold” rating on the stock.

Ampco-Pittsburgh Stock Performance

The business has a 50-day moving average of $1.90 and a 200 day moving average of $1.67. The company has a market cap of $39.79 million, a PE ratio of -0.88 and a beta of 0.93. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.99 and a quick ratio of 0.98.

Institutional Inflows and Outflows

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

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