Alpha Pro Tech (NYSE:APT) Stock Price Down 2.7% – Should You Sell?

Shares of Alpha Pro Tech, Ltd. (NYSE:APT) traded down 2.7% during mid-day trading on Monday . The stock traded as low as $4.36 and last traded at $4.38. 37,523 shares were traded during trading, an increase of 45% from the average session volume of 25,847 shares. The stock had previously closed at $4.50.

Alpha Pro Tech Trading Down 2.7%

The stock has a market capitalization of $45.38 million, a price-to-earnings ratio of 11.84 and a beta of 0.56. The business has a 50 day simple moving average of $4.57 and a 200-day simple moving average of $4.69.

Hedge Funds Weigh In On Alpha Pro Tech

Several institutional investors and hedge funds have recently bought and sold shares of the stock. James Investment Research Inc. acquired a new stake in shares of Alpha Pro Tech during the 2nd quarter worth $52,000. NewEdge Advisors LLC acquired a new stake in Alpha Pro Tech during the second quarter worth about $74,000. Jane Street Group LLC acquired a new stake in Alpha Pro Tech during the first quarter worth about $117,000. Synovus Financial Corp purchased a new position in shares of Alpha Pro Tech in the 3rd quarter worth about $120,000. Finally, Inspire Advisors LLC acquired a new position in shares of Alpha Pro Tech in the 2nd quarter valued at about $274,000. Institutional investors and hedge funds own 22.69% of the company’s stock.

About Alpha Pro Tech

Alpha Pro Tech Ltd is a Canada‐based specialty manufacturer of engineered polymer products that serve construction and healthcare markets. Through its two operating segments, the company develops, produces and markets synthetic materials used in residential and commercial construction as well as personal protective equipment and respiratory protection for industrial and medical applications.

In its Building Products segment, Alpha Pro Tech offers synthetic roofing underlayment, housewrap and related weatherproofing accessories designed to enhance moisture and air control in roof and wall assemblies.