Alpha Pro Tech (NYSE:APT) Shares Down 0.6% - Here's What Happened

Key Points

• Alpha Pro Tech shares experienced a decline of 0.6%, closing at $4.83, with trading volume falling 72% below the average.
• Wall Street Zen started coverage on Alpha Pro Tech with a "buy" rating, which may influence market sentiment moving forward.
• Institutional investors own 22.69% of the company, with recent significant activities including Needham Investment Management increasing its stake by 0.4%.

Alpha Pro Tech, Ltd. (NYSE:APT - Get Free Report) shares fell 0.6% on Friday . The stock traded as low as $4.76 and last traded at $4.83. 7,524 shares changed hands during trading, a decline of 72% from the average session volume of 27,017 shares. The stock had previously closed at $4.86.

Analyst Ratings Changes

Separately, Wall Street Zen began coverage on shares of Alpha Pro Tech in a report on Thursday, May 15th. They set a "buy" rating on the stock.

Alpha Pro Tech Price Performance

The company has a 50-day moving average of $4.74 and a two-hundred day moving average of $4.84. The company has a market capitalization of $52.64 million, a PE ratio of 13.09 and a beta of 0.24.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Linden Thomas Advisory Services LLC increased its stake in Alpha Pro Tech by 17.1% during the first quarter. Linden Thomas Advisory Services LLC now owns 187,610 shares of the company's stock worth $938,000 after acquiring an additional 27,457 shares during the last quarter. Needham Investment Management LLC boosted its holdings in shares of Alpha Pro Tech by 0.4% in the fourth quarter. Needham Investment Management LLC now owns 612,500 shares of the company's stock valued at $3,240,000 after acquiring an additional 2,500 shares during the period. Jane Street Group LLC acquired a new position in shares of Alpha Pro Tech during the first quarter worth about $117,000. Finally, James Investment Research Inc. purchased a new position in Alpha Pro Tech during the second quarter worth about $52,000. 22.69% of the stock is currently owned by hedge funds and other institutional investors.

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.