Alpha Pro Tech (NYSE:APT) Stock Price Up 2% – Here’s What Happened

Alpha Pro Tech, Ltd. (NYSE:APT)’s stock price rose 2% during mid-day trading on Friday . The stock traded as high as $5.24 and last traded at $5.19. Approximately 22,480 shares changed hands during trading, a decline of 43% from the average daily volume of 39,729 shares. The stock had previously closed at $5.09.

Alpha Pro Tech Trading Up 2.0%

The business has a 50-day moving average of $4.73 and a 200 day moving average of $4.72. The firm has a market capitalization of $53.77 million, a PE ratio of 14.03 and a beta of 0.65.

Institutional Investors Weigh In On Alpha Pro Tech

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. James Investment Research Inc. bought a new position in shares of Alpha Pro Tech during the 2nd quarter worth approximately $52,000. NewEdge Advisors LLC purchased a new stake in shares of Alpha Pro Tech during the second quarter valued at approximately $74,000. Jane Street Group LLC bought a new stake in Alpha Pro Tech during the first quarter worth $117,000. Synovus Financial Corp purchased a new position in Alpha Pro Tech in the third quarter worth $120,000. Finally, Inspire Advisors LLC bought a new position in Alpha Pro Tech in the 2nd quarter valued at $274,000. Hedge funds and other institutional investors 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.