Ampco-Pittsburgh (NYSE:AP) Stock Price Passes Above Fifty Day Moving Average of $4.11

Ampco-Pittsburgh Corp (NYSE:AP) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.11 and traded as high as $4.03. Ampco-Pittsburgh shares last traded at $4.00, with a volume of 1,604 shares.

The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.93 and a current ratio of 1.56. The business has a 50 day simple moving average of $4.11.

Ampco-Pittsburgh (NYSE:AP) last announced its earnings results on Friday, May 10th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $107.49 million for the quarter. Ampco-Pittsburgh had a negative return on equity of 17.80% and a negative net margin of 19.28%.

In other news, Director Michael I. German purchased 10,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were purchased at an average price of $3.95 per share, with a total value of $39,500.00. Following the transaction, the director now owns 35,266 shares in the company, valued at approximately $139,300.70. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have bought 28,620 shares of company stock worth $118,965. Corporate insiders own 13.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Deutsche Bank AG boosted its position in shares of Ampco-Pittsburgh by 1,712.3% during the 4th quarter. Deutsche Bank AG now owns 16,800 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 15,873 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Ampco-Pittsburgh during the 4th quarter valued at about $73,000. Bank of New York Mellon Corp boosted its position in shares of Ampco-Pittsburgh by 26.0% during the 4th quarter. Bank of New York Mellon Corp now owns 103,768 shares of the industrial products company’s stock valued at $322,000 after acquiring an additional 21,443 shares during the last quarter. Alambic Investment Management L.P. boosted its position in shares of Ampco-Pittsburgh by 635.0% during the 4th quarter. Alambic Investment Management L.P. now owns 134,510 shares of the industrial products company’s stock valued at $417,000 after acquiring an additional 116,210 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of Ampco-Pittsburgh by 1.4% during the 4th quarter. BlackRock Inc. now owns 222,387 shares of the industrial products company’s stock valued at $689,000 after acquiring an additional 3,031 shares during the last quarter. 49.03% of the stock is currently owned by hedge funds and other institutional investors.

Ampco-Pittsburgh Company Profile (NYSE:AP)

Ampco-Pittsburgh Corporation, together with its subsidiaries, manufactures and sells custom designed engineering products to commercial and industrial users in the United States and internationally. The company operates in two segments, Forged and Cast Engineered Products; and Air and Liquid Processing.

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