Alpha Pro Tech, Ltd. (NYSE:APT – Get Free Report)’s stock price rose 8.4% during trading on Monday . The stock traded as high as $5.96 and last traded at $5.96. Approximately 104,411 shares were traded during trading, an increase of 57% from the average daily volume of 66,526 shares. The stock had previously closed at $5.50.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Alpha Pro Tech from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 7th.
Read Our Latest Report on Alpha Pro Tech
Alpha Pro Tech Stock Up 8.4 %
Alpha Pro Tech (NYSE:APT – Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.05 earnings per share (EPS) for the quarter. Alpha Pro Tech had a return on equity of 6.86% and a net margin of 6.92%. The firm had revenue of $13.48 million during the quarter.
Institutional Investors Weigh In On Alpha Pro Tech
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Ritholtz Wealth Management purchased a new position in shares of Alpha Pro Tech during the fourth quarter worth about $69,000. Acadian Asset Management LLC boosted its position in shares of Alpha Pro Tech by 893.0% in the 1st quarter. Acadian Asset Management LLC now owns 120,296 shares of the company’s stock valued at $750,000 after purchasing an additional 108,181 shares during the period. Hillsdale Investment Management Inc. purchased a new position in Alpha Pro Tech during the 1st quarter worth approximately $91,000. Finally, O Shaughnessy Asset Management LLC increased its position in Alpha Pro Tech by 226.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 90,015 shares of the company’s stock worth $562,000 after buying an additional 62,437 shares during the period. Institutional investors and hedge funds 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.
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