Ampco-Pittsburgh (NYSE:AP) Share Price Passes Above 200-Day Moving Average – Should You Sell?

by · The Cerbat Gem

Ampco-Pittsburgh Corporation (NYSE:APGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.17 and traded as high as $11.71. Ampco-Pittsburgh shares last traded at $11.0270, with a volume of 181,906 shares.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Check Out Our Latest Stock Report on Ampco-Pittsburgh

Ampco-Pittsburgh Trading Down 11.6%

The company has a quick ratio of 1.01, a current ratio of 1.75 and a debt-to-equity ratio of 2.42. The firm has a 50 day moving average of $9.71 and a 200 day moving average of $7.19. The firm has a market cap of $198.38 million, a PE ratio of -2.90 and a beta of 1.23.

Ampco-Pittsburgh (NYSE:APGet Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The industrial products company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.12). Ampco-Pittsburgh had a negative net margin of 15.53% and a negative return on equity of 7.56%. The firm had revenue of $103.13 million during the quarter, compared to analysts’ expectations of $84.90 million.

Insider Transactions at Ampco-Pittsburgh

In other Ampco-Pittsburgh news, CEO Brett Mcbrayer bought 3,300 shares of the stock in a transaction on Tuesday, May 19th. The shares were acquired at an average price of $9.03 per share, with a total value of $29,799.00. Following the acquisition, the chief executive officer directly owned 557,694 shares of the company’s stock, valued at $5,035,976.82. The trade was a 0.60% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Gamco Investors INC. ET AL increased its holdings in shares of Ampco-Pittsburgh by 0.9% in the first quarter. Gamco Investors INC. ET AL now owns 2,491,957 shares of the industrial products company’s stock worth $16,746,000 after purchasing an additional 21,129 shares during the period. Gabelli Funds LLC increased its holdings in shares of Ampco-Pittsburgh by 1.7% in the fourth quarter. Gabelli Funds LLC now owns 1,404,300 shares of the industrial products company’s stock worth $7,485,000 after purchasing an additional 23,500 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Ampco-Pittsburgh by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 1,159,681 shares of the industrial products company’s stock worth $3,433,000 after purchasing an additional 33,950 shares during the period. Vanguard Group Inc. increased its holdings in shares of Ampco-Pittsburgh by 6.0% in the third quarter. Vanguard Group Inc. now owns 667,704 shares of the industrial products company’s stock worth $1,529,000 after purchasing an additional 38,021 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Ampco-Pittsburgh by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 355,427 shares of the industrial products company’s stock worth $2,388,000 after purchasing an additional 20,454 shares during the period. Institutional investors own 49.16% of the company’s stock.

About Ampco-Pittsburgh

(Get Free Report)

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.

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