Alpha Pro Tech (NYSE:APT) Trading Up 0.4% – Here’s What Happened

Alpha Pro Tech, Ltd. (NYSE:APT)’s stock price was up 0.4% during mid-day trading on Thursday . The stock traded as high as $4.64 and last traded at $4.52. Approximately 26,923 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 37,181 shares. The stock had previously closed at $4.50.

Alpha Pro Tech Price Performance

The business has a 50 day moving average of $4.83 and a 200 day moving average of $4.73. The firm has a market capitalization of $46.04 million, a price-to-earnings ratio of 12.22 and a beta of 0.79.

Institutional Trading of Alpha Pro Tech

A number of hedge funds have recently modified their holdings of APT. Jane Street Group LLC bought a new position in Alpha Pro Tech during the 1st quarter worth approximately $117,000. NewEdge Advisors LLC bought a new stake in Alpha Pro Tech in the second quarter valued at approximately $74,000. Synovus Financial Corp acquired a new stake in Alpha Pro Tech in the third quarter worth $120,000. Finally, Needham Investment Management LLC raised its holdings in Alpha Pro Tech by 1.2% in the fourth quarter. Needham Investment Management LLC now owns 642,500 shares of the company’s stock worth $2,853,000 after purchasing an additional 7,500 shares during the period. 22.69% of the stock is currently owned by institutional investors and hedge funds.

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.