Alpha Pro Tech (NYSE:APT) Shares Up 0.2% – Here’s Why

Alpha Pro Tech, Ltd. (NYSE:APT)’s share price was up 0.2% during mid-day trading on Tuesday . The stock traded as high as $5.35 and last traded at $5.28. Approximately 15,492 shares changed hands during trading, a decline of 67% from the average daily volume of 47,561 shares. The stock had previously closed at $5.27.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Alpha Pro Tech in a research report on Wednesday. They set a “buy” rating on the stock.

Alpha Pro Tech Price Performance

The stock has a market cap of $58.07 million, a P/E ratio of 14.27 and a beta of -0.73. The company has a 50 day simple moving average of $5.43 and a 200-day simple moving average of $5.61.

Institutional Trading of Alpha Pro Tech

Several hedge funds and other institutional investors have recently bought and sold shares of APT. Inspire Advisors LLC purchased a new position in shares of Alpha Pro Tech in the third quarter worth about $326,000. Dimensional Fund Advisors LP increased its stake in Alpha Pro Tech by 37.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 125,018 shares of the company’s stock worth $688,000 after purchasing an additional 33,782 shares during the period. Acadian Asset Management LLC lifted its position in Alpha Pro Tech by 32.9% in the second quarter. Acadian Asset Management LLC now owns 159,825 shares of the company’s stock valued at $877,000 after purchasing an additional 39,529 shares during the last quarter. Needham Investment Management LLC boosted its stake in shares of Alpha Pro Tech by 1.2% during the third quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock valued at $3,477,000 after purchasing an additional 7,500 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Alpha Pro Tech by 1.3% in the second quarter. Renaissance Technologies LLC now owns 632,375 shares of the company’s stock worth $3,478,000 after purchasing an additional 8,316 shares during the last quarter. Hedge funds and other institutional investors own 22.69% of the company’s stock.

About Alpha Pro Tech

Alpha Pro Tech, Ltd., together with its subsidiaries, develops, manufactures, and markets a range of disposable protective apparel, infection control, and building supply products in the United States and internationally. The company operates through Disposable Protective Apparel and Building Supply segments.