Alpha Pro Tech (NYSE:APT) Trading Up 1% - What's Next?

Key Points

• Alpha Pro Tech's share price rose by 1% on Monday, reaching a high of $4.95 and closing at $4.89.
• Wall Street Zen has initiated coverage of Alpha Pro Tech with a "buy" rating as of May 15th.
• Institutional investors have increased their positions in the company, with 22.69% of the stock currently owned by hedge funds and institutional investors.

Alpha Pro Tech, Ltd. (NYSE:APT - Get Free Report)'s share price was up 1% on Monday . The stock traded as high as $4.95 and last traded at $4.89. Approximately 33,209 shares changed hands during mid-day trading, an increase of 23% from the average daily volume of 26,934 shares. The stock had previously closed at $4.84.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started coverage on shares of Alpha Pro Tech in a research note on Thursday, May 15th. They issued a "buy" rating for the company.

Alpha Pro Tech Trading Up 1.0%

The firm's 50-day moving average price is $4.75 and its 200 day moving average price is $4.77. The company has a market capitalization of $51.21 million, a price-to-earnings ratio of 13.22 and a beta of 0.24.

Hedge Funds Weigh In On Alpha Pro Tech

Hedge funds and other institutional investors have recently made changes to their positions in the company. Linden Thomas Advisory Services LLC raised its position in shares of Alpha Pro Tech by 17.1% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 187,610 shares of the company's stock valued at $938,000 after buying an additional 27,457 shares in the last quarter. Needham Investment Management LLC increased its position in Alpha Pro Tech by 0.4% during the 4th 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. Jane Street Group LLC acquired a new position in Alpha Pro Tech during the 1st quarter worth approximately $117,000. NewEdge Advisors LLC acquired a new position in Alpha Pro Tech during the 2nd quarter worth approximately $74,000. Finally, Inspire Advisors LLC acquired a new position in Alpha Pro Tech during the 2nd quarter worth approximately $274,000. 22.69% of the stock is currently owned by institutional investors and hedge funds.

Alpha Pro Tech Company Profile

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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