Michael German Acquires 40,000 Shares of Ampco-Pittsburgh (NYSE:AP) Stock

Ampco-Pittsburgh Corporation (NYSE:AP) Director Michael German bought 40,000 shares of Ampco-Pittsburgh stock in a transaction dated Monday, November 17th. The stock was acquired at an average cost of $2.65 per share, for a total transaction of $106,000.00. Following the purchase, the director directly owned 221,670 shares in the company, valued at approximately $587,425.50. The trade was a 22.02% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Ampco-Pittsburgh Trading Down 3.1%

Shares of NYSE AP opened at $2.54 on Thursday. Ampco-Pittsburgh Corporation has a fifty-two week low of $1.65 and a fifty-two week high of $3.99. The firm has a market capitalization of $51.63 million, a P/E ratio of -10.58 and a beta of 0.89. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.80 and a quick ratio of 0.91. The company’s 50 day simple moving average is $2.28 and its 200 day simple moving average is $2.77.

Ampco-Pittsburgh (NYSE:AP) last released its earnings results on Wednesday, November 12th. The industrial products company reported $0.04 EPS for the quarter. The firm had revenue of $108.01 million during the quarter. Ampco-Pittsburgh had a negative net margin of 1.22% and a positive return on equity of 1.40%.

Institutional Trading of Ampco-Pittsburgh

Large investors have recently modified their holdings of the stock. Bailard Inc. bought a new position in Ampco-Pittsburgh in the first quarter valued at approximately $27,000. Jane Street Group LLC acquired a new stake in shares of Ampco-Pittsburgh during the second quarter valued at about $30,000. Wealth Enhancement Advisory Services LLC bought a new stake in Ampco-Pittsburgh during the 2nd quarter worth approximately $32,000. Group One Trading LLC acquired a new position in shares of Ampco-Pittsburgh during the second quarter worth $43,000. Finally, Citadel Advisors LLC acquired a new position in Ampco-Pittsburgh during the 3rd quarter worth about $72,000. 49.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AP has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Ampco-Pittsburgh from a “buy” rating to a “hold” rating in a research report on Monday, August 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ampco-Pittsburgh in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ampco-Pittsburgh presently has an average rating of “Sell”.

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.