Insider Buying: Ampco-Pittsburgh (NYSE:AP) CEO Buys $49,020.00 in Stock

Ampco-Pittsburgh Corporation (NYSE:AP) CEO Brett Mcbrayer acquired 19,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were purchased at an average cost of $2.58 per share, for a total transaction of $49,020.00. Following the completion of the transaction, the chief executive officer directly owned 448,631 shares in the company, valued at $1,157,467.98. The trade was a 4.42% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ampco-Pittsburgh Stock Up 7.8%

Shares of Ampco-Pittsburgh stock opened at $2.96 on Friday. The company has a 50-day simple moving average of $2.30 and a two-hundred day simple moving average of $2.78. The stock has a market capitalization of $60.08 million, a PE ratio of -11.82 and a beta of 0.96. Ampco-Pittsburgh Corporation has a 52-week low of $1.75 and a 52-week high of $3.99. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.96 and a current ratio of 1.84.

Ampco-Pittsburgh (NYSE:AP) last announced its quarterly earnings data on Wednesday, November 12th. The industrial products company reported $0.04 earnings per share for the quarter. The company had revenue of $108.01 million during the quarter. Ampco-Pittsburgh had a negative net margin of 1.24% and a positive return on equity of 5.15%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AP shares. Wall Street Zen downgraded Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a report on Monday, August 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ampco-Pittsburgh in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On Ampco-Pittsburgh

A number of hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in shares of Ampco-Pittsburgh in the 2nd quarter worth $30,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Ampco-Pittsburgh in the second quarter worth about $32,000. Group One Trading LLC bought a new position in shares of Ampco-Pittsburgh in the second quarter worth about $43,000. Bailard Inc. lifted its position in shares of Ampco-Pittsburgh by 59.5% during the 2nd quarter. Bailard Inc. now owns 19,934 shares of the industrial products company’s stock valued at $59,000 after buying an additional 7,434 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of Ampco-Pittsburgh during the 3rd quarter valued at about $72,000. Institutional investors own 49.16% of the company’s stock.

Ampco-Pittsburgh Company Profile

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.