Alpha Pro Tech, Ltd. (NYSE:APT – Get Free Report)’s share price traded down 1.9% on Monday. The company traded as low as $5.02 and last traded at $5.04. 24,026 shares traded hands during trading, a decline of 58% from the average session volume of 57,221 shares. The stock had previously closed at $5.14.
Alpha Pro Tech Price Performance
The stock has a market capitalization of $53.28 million, a P/E ratio of 14.11 and a beta of 0.91. The stock’s fifty day moving average is $5.20 and its 200-day moving average is $5.18.
Hedge Funds Weigh In On Alpha Pro Tech
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Alpha Pro Tech in the second quarter worth $1,566,000. Renaissance Technologies LLC boosted its holdings in shares of Alpha Pro Tech by 4.0% during the 1st quarter. Renaissance Technologies LLC now owns 544,072 shares of the company’s stock worth $2,416,000 after buying an additional 21,100 shares during the period. Finally, Needham Investment Management LLC grew its stake in Alpha Pro Tech by 1.2% in the 4th quarter. Needham Investment Management LLC now owns 642,500 shares of the company’s stock valued at $2,853,000 after buying an additional 7,500 shares during the last quarter. Institutional investors and hedge funds own 22.69% of the company’s stock.
Alpha Pro Tech Company Profile
Alpha Pro Tech, Ltd. develops, manufactures and markets disposable protective products and building-supply materials for commercial, industrial, medical and consumer applications. The company serves customers through a combination of in-house manufacturing and distribution operations.
Its Disposable Protective Apparel and Infection Control products include protective coveralls, gowns, face masks, shoe and boot covers, bouffant caps, beard covers and other single-use apparel. These products are used in healthcare, pharmaceutical, laboratory, cleanroom, food-processing and industrial environments.
Through its Building Supply segment, Alpha Pro Tech offers weatherization products such as housewrap, synthetic roofing underlayment, flashing materials and related construction accessories.
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