Alpine 4 (NASDAQ:ALPP) Stock Price Up 9.3%

Alpine 4 Holdings, Inc. (NASDAQ:ALPP) shares rose 9.3% during mid-day trading on Monday . The company traded as high as $1.07 and last traded at $1.02. Approximately 73,904 shares changed hands during trading, a decline of 64% from the average daily volume of 204,888 shares. The stock had previously closed at $0.93.

Alpine 4 Trading Up 9.3 %

The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 0.52. The company has a market cap of $27.19 million, a price-to-earnings ratio of -1.26 and a beta of 0.72. The business’s 50-day simple moving average is $0.89 and its 200-day simple moving average is $1.67.

Alpine 4 (NASDAQ:ALPP) last announced its earnings results on Friday, August 11th. The company reported ($0.18) earnings per share (EPS) for the quarter. The business had revenue of $28.02 million for the quarter. Alpine 4 had a negative return on equity of 30.62% and a negative net margin of 19.55%.

Hedge Funds Weigh In On Alpine 4

A number of institutional investors have recently modified their holdings of ALPP. Bank of New York Mellon Corp acquired a new position in shares of Alpine 4 in the first quarter valued at approximately $70,000. BlackRock Inc. raised its position in shares of Alpine 4 by 5.0% in the first quarter. BlackRock Inc. now owns 468,336 shares of the company’s stock valued at $492,000 after buying an additional 22,462 shares during the last quarter. Vanguard Group Inc. increased its position in Alpine 4 by 1.5% during the first quarter. Vanguard Group Inc. now owns 6,666,940 shares of the company’s stock worth $7,000,000 after purchasing an additional 101,490 shares during the last quarter. State Street Corp increased its position in Alpine 4 by 450.0% during the first quarter. State Street Corp now owns 518,677 shares of the company’s stock worth $545,000 after purchasing an additional 424,377 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Alpine 4 during the first quarter worth approximately $58,000. Institutional investors and hedge funds own 8.52% of the company’s stock.

About Alpine 4

Alpine 4 Holdings, Inc operates as an industrial conglomerate in North America. The company offers automotive technologies, including 6th Sense Auto, a connected car technology that provides various advantages to management, sales, finance, and service departments in the automotive dealership industry for productivity, profitability, and customer retention; and BrakeActive, a safety device that improve vehicle's third brake light's ability to reduce or prevent a rear-end collision.