Alpha Pro Tech (NYSE:APT) Shares Up 7.2% – Still a Buy?

Alpha Pro Tech, Ltd. (NYSE:APT) shares traded up 7.2% on Wednesday . The company traded as high as $4.79 and last traded at $4.76. 54,691 shares traded hands during mid-day trading, an increase of 36% from the average session volume of 40,087 shares. The stock had previously closed at $4.44.

Alpha Pro Tech Stock Performance

The company has a market cap of $48.48 million, a price-to-earnings ratio of 12.86 and a beta of 0.64. The company has a 50-day simple moving average of $4.98 and a 200-day simple moving average of $4.76.

Hedge Funds Weigh In On Alpha Pro Tech

Institutional investors and hedge funds have recently made changes to their positions in the stock. Needham Investment Management LLC increased its holdings in shares of Alpha Pro Tech by 1.2% in the 4th quarter. Needham Investment Management LLC now owns 642,500 shares of the company’s stock valued at $2,853,000 after purchasing an additional 7,500 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Alpha Pro Tech by 94.9% during the fourth quarter. NewEdge Advisors LLC now owns 32,814 shares of the company’s stock worth $146,000 after buying an additional 15,980 shares in the last quarter. Synovus Financial Corp purchased a new stake in Alpha Pro Tech during the third quarter worth about $120,000. Finally, Jane Street Group LLC acquired a new position in Alpha Pro Tech during the first quarter worth about $117,000. 22.69% of the stock is owned by institutional investors and hedge funds.

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.