Ampco-Pittsburgh (NYSE:AP) Shares Cross Above 200-Day Moving Average – Should You Sell?

Ampco-Pittsburgh Corporation (NYSE:AP) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.05 and traded as high as $9.57. Ampco-Pittsburgh shares last traded at $9.35, with a volume of 132,802 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AP shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Ampco-Pittsburgh in a report on Wednesday, January 21st. Wall Street Zen lowered Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Ampco-Pittsburgh Stock Down 10.9%

The stock has a market cap of $167.11 million, a PE ratio of -32.88 and a beta of 0.70. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.84 and a quick ratio of 0.96. The company has a 50 day moving average price of $6.78 and a two-hundred day moving average price of $4.08.

Institutional Trading of Ampco-Pittsburgh

A number of large investors have recently made changes to their positions in the stock. Marshall Wace LLP bought a new position in Ampco-Pittsburgh during the fourth quarter valued at approximately $1,110,000. Informed Momentum Co LLC bought a new position in shares of Ampco-Pittsburgh during the 4th quarter valued at $791,000. Teton Advisors LLC purchased a new position in shares of Ampco-Pittsburgh in the 3rd quarter worth $248,000. Gamco Investors INC. ET AL boosted its stake in shares of Ampco-Pittsburgh by 3.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 2,470,828 shares of the industrial products company’s stock worth $13,170,000 after buying an additional 86,618 shares during the last quarter. Finally, Vanguard Group Inc. grew 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 acquiring an additional 38,021 shares during the period. 49.16% of the stock is currently owned by institutional investors.

About Ampco-Pittsburgh

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.