Alpha Pro Tech (NYSE:APT) Cut to “Buy” at StockNews.com

Alpha Pro Tech (NYSE:APTGet Free Report) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.

Alpha Pro Tech Price Performance

APT stock opened at $4.94 on Friday. The company has a 50 day moving average price of $5.69 and a 200 day moving average price of $5.47. Alpha Pro Tech has a fifty-two week low of $3.70 and a fifty-two week high of $6.92. The stock has a market capitalization of $57.75 million, a PE ratio of 13.72 and a beta of -0.75.

Alpha Pro Tech (NYSE:APTGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.05 earnings per share for the quarter. Alpha Pro Tech had a net margin of 6.92% and a return on equity of 6.86%. The firm had revenue of $13.48 million during the quarter.

Insider Activity

In other news, Director James Buchan sold 15,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $5.82, for a total value of $87,300.00. Following the completion of the transaction, the director now owns 6,013 shares of the company’s stock, valued at approximately $34,995.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director James Buchan sold 15,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $5.82, for a total value of $87,300.00. Following the completion of the transaction, the director now owns 6,013 shares of the company’s stock, valued at approximately $34,995.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Colleen J. Mcdonald sold 20,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $6.16, for a total transaction of $123,200.00. Following the completion of the transaction, the chief financial officer now directly owns 55,833 shares of the company’s stock, valued at $343,931.28. The disclosure for this sale can be found here. Insiders sold 35,819 shares of company stock valued at $215,365 in the last quarter. Company insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Alpha Pro Tech

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC raised its holdings in shares of Alpha Pro Tech by 893.0% in the 1st quarter. Acadian Asset Management LLC now owns 120,296 shares of the company’s stock valued at $750,000 after purchasing an additional 108,181 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of Alpha Pro Tech by 226.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 90,015 shares of the company’s stock valued at $562,000 after purchasing an additional 62,437 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of Alpha Pro Tech in the 1st quarter valued at about $91,000. Finally, Ritholtz Wealth Management bought a new stake in shares of Alpha Pro Tech in the 4th quarter valued at about $69,000. 22.69% of the stock is owned by institutional investors and hedge funds.

Alpha Pro Tech Company Profile

(Get Free Report)

Alpha Pro Tech, Ltd., together with its subsidiaries, develops, manufactures, and markets a range of disposable protective apparel, infection control, and building supply products in the United States and internationally. The company operates through Disposable Protective Apparel and Building Supply segments.

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