Alpha Pro Tech (NYSE:APT) Trading Down 1.7% – Here’s Why

Alpha Pro Tech, Ltd. (NYSE:APT) traded down 1.7% during mid-day trading on Thursday . The company traded as low as $5.34 and last traded at $5.34. 19,694 shares were traded during mid-day trading, a decline of 59% from the average session volume of 48,186 shares. The stock had previously closed at $5.43.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Alpha Pro Tech from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 7th.

Alpha Pro Tech Stock Down 1.7 %

The firm has a market capitalization of $58.73 million, a price-to-earnings ratio of 14.43 and a beta of -0.73. The company has a 50-day moving average price of $5.63 and a 200-day moving average price of $5.57.

Insiders Place Their Bets

In other Alpha Pro Tech news, Director David R. Garcia sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $5.48, for a total value of $27,400.00. Following the completion of the sale, the director now directly owns 9,413 shares in the company, valued at $51,583.24. This represents a 34.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 14.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of APT. Inspire Advisors LLC bought a new position in shares of Alpha Pro Tech in the third quarter valued at $326,000. Acadian Asset Management LLC increased its holdings in shares of 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 buying an additional 39,529 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Alpha Pro Tech by 37.0% in the second quarter. Dimensional Fund Advisors LP now owns 125,018 shares of the company’s stock valued at $688,000 after buying an additional 33,782 shares in the last quarter. Renaissance Technologies LLC increased 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 valued at $3,478,000 after buying an additional 8,316 shares in the last quarter. Finally, Needham Investment Management LLC increased its holdings in shares of Alpha Pro Tech by 1.2% in the third quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock valued at $3,477,000 after buying an additional 7,500 shares in the last quarter. Institutional investors own 22.69% of the company’s stock.

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.