Alpha Pro Tech (NYSE:APT) Trading Up 0.2% – Here’s Why

Alpha Pro Tech, Ltd. (NYSE:APT)’s stock price shot up 0.2% during trading on Tuesday . The company traded as high as $5.35 and last traded at $5.28. 15,492 shares were traded during trading, a decline of 67% from the average session volume of 47,561 shares. The stock had previously closed at $5.27.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Alpha Pro Tech in a research report on Wednesday. They set a “buy” rating on the stock.

Alpha Pro Tech Stock Performance

The stock’s 50-day simple moving average is $5.46 and its two-hundred day simple moving average is $5.60. The stock has a market cap of $58.07 million, a price-to-earnings ratio of 14.27 and a beta of -0.73.

Hedge Funds Weigh In On Alpha Pro Tech

Large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its stake in Alpha Pro Tech by 1.3% during the second quarter. Renaissance Technologies LLC now owns 632,375 shares of the company’s stock worth $3,478,000 after purchasing an additional 8,316 shares during the period. Needham Investment Management LLC lifted its position in shares of Alpha Pro Tech by 1.2% during the 3rd quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock worth $3,477,000 after buying an additional 7,500 shares during the period. Acadian Asset Management LLC boosted its stake in Alpha Pro Tech by 32.9% in the 2nd 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 grew its position in 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 acquiring an additional 33,782 shares during the period. Finally, Inspire Advisors LLC acquired a new position in Alpha Pro Tech during the third quarter worth $326,000. 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.