Alpha Pro Tech (NYSE:APT) Shares Down 1.3% – Here’s What Happened

Alpha Pro Tech, Ltd. (NYSE:APT)’s share price was down 1.3% during trading on Tuesday . The company traded as low as $5.13 and last traded at $5.16. Approximately 19,157 shares were traded during trading, a decline of 48% from the average daily volume of 36,771 shares. The stock had previously closed at $5.23.

Alpha Pro Tech Price Performance

The stock has a market cap of $53.46 million, a price-to-earnings ratio of 13.95 and a beta of 0.64. The firm has a 50 day simple moving average of $4.96 and a two-hundred day simple moving average of $4.77.

Institutional Investors Weigh In On Alpha Pro Tech

Several large investors have recently bought and sold shares of the company. NewEdge Advisors LLC bought a new position in shares of Alpha Pro Tech during the second quarter worth $74,000. Jane Street Group LLC acquired a new stake in Alpha Pro Tech during the 1st quarter worth $117,000. Synovus Financial Corp bought a new position in Alpha Pro Tech during the third quarter worth about $120,000. Inspire Advisors LLC acquired a new position in Alpha Pro Tech in the second quarter valued at about $274,000. Finally, Needham Investment Management LLC grew its stake 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 valued at $2,853,000 after acquiring an additional 7,500 shares during the period. Institutional investors own 22.69% of the company’s stock.

Alpha Pro Tech Company Profile

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.