Insider Buying: Ampco-Pittsburgh (NYSE:AP) CEO Buys 19,000 Shares of Stock

Ampco-Pittsburgh Corporation CEO Brett Mcbrayer purchased 19,000 shares at $2.58 each, totaling $49,020, increasing his ownership by 4.42%. The transaction was disclosed in an SEC filing. The company's stock opened at $2.56, with a market cap of $52.12 million. Analysts have given the stock a 'Sell' rating, and institutional investors own 49.16% of the shares.

Ampco-Pittsburgh Corporation (NYSE:AP - Get Free Report) CEO Brett Mcbrayer purchased 19,000 shares of the business's stock in a transaction dated Monday, December 1st. The shares were purchased at an average price of $2.58 per share, with a total value of $49,020.00. Following the acquisition, the chief executive officer directly owned 448,631 shares in the company, valued at approximately $1,157,467.98. The trade was a 4.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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Ampco-Pittsburgh Price Performance

Amphenol: The Unseen Giant Behind Every Major Tech Trend

AP stock opened at $2.56 on Tuesday. The business's 50-day moving average is $2.28 and its two-hundred day moving average is $2.78. The firm has a market capitalization of $52.12 million, a P/E ratio of -10.64 and a beta of 0.89. Ampco-Pittsburgh Corporation has a 1 year low of $1.75 and a 1 year high of $3.99. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.80 and a quick ratio of 0.91.

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

Analyst Upgrades and Downgrades

3 Alternative Asset Managers Are Raising Dividends by 5% to 25%

AP has been the topic of several analyst reports. Wall Street Zen lowered 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, According to data from MarketBeat, the company presently has an average rating of "Sell".

View Our Latest Research Report on Ampco-Pittsburgh

Hedge Funds Weigh In On Ampco-Pittsburgh

These 3 Q1 Earnings Winners Will Go Higher

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

Ampco-Pittsburgh Company Profile

(Get Free Report)

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.

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