Shares of Alpha Pro Tech, Ltd. (NYSE:APT - Get Free Report) dropped 3.3% during trading on Thursday . The stock traded as low as $4.61 and last traded at $4.63. Approximately 59,592 shares changed hands during mid-day trading, an increase of 90% from the average daily volume of 31,390 shares. The stock had previously closed at $4.79.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen initiated coverage on Alpha Pro Tech in a research report on Thursday, May 15th. They set a "buy" rating for the company.
View Our Latest Stock Analysis on Alpha Pro Tech
Alpha Pro Tech Stock Performance
The company has a market cap of $48.45 million, a price-to-earnings ratio of 12.05 and a beta of 0.34. The business has a 50-day simple moving average of $4.46 and a 200-day simple moving average of $5.01.
Institutional Trading of Alpha Pro Tech
A number of hedge funds and other institutional investors have recently bought and sold shares of APT. Jane Street Group LLC acquired a new stake in shares of Alpha Pro Tech during the 1st quarter worth about $117,000. Linden Thomas Advisory Services LLC raised its holdings 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 purchasing an additional 27,457 shares in the last quarter. Finally, Needham Investment Management LLC raised its holdings in Alpha Pro Tech by 0.4% during the fourth quarter. Needham Investment Management LLC now owns 612,500 shares of the company's stock worth $3,240,000 after purchasing an additional 2,500 shares in the last quarter. 22.69% of the stock is currently owned by institutional investors and hedge funds.
Alpha Pro Tech Company Profile
(
Get Free Report)
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.
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