Alpha Pro Tech (NYSE:APT) Trading Up 2% – What’s Next?

Alpha Pro Tech, Ltd. (NYSE:APT)’s share price rose 2% during trading on Friday . The stock traded as high as $5.24 and last traded at $5.19. Approximately 22,480 shares were traded during trading, a decline of 43% from the average daily volume of 39,729 shares. The stock had previously closed at $5.09.

Alpha Pro Tech Stock Performance

The company has a market cap of $53.77 million, a P/E ratio of 14.03 and a beta of 0.65. The stock has a 50-day moving average of $4.73 and a two-hundred day moving average of $4.72.

Hedge Funds Weigh In On Alpha Pro Tech

A number of large investors have recently added to or reduced their stakes in APT. Synovus Financial Corp purchased a new stake in Alpha Pro Tech during the third quarter valued at about $120,000. NewEdge Advisors LLC bought a new position in Alpha Pro Tech during the 2nd quarter worth approximately $74,000. Inspire Advisors LLC purchased a new position in Alpha Pro Tech in the 2nd quarter worth approximately $274,000. James Investment Research Inc. bought a new stake in Alpha Pro Tech in the second quarter valued at approximately $52,000. Finally, Jane Street Group LLC purchased a new stake in shares of Alpha Pro Tech during the first quarter valued at approximately $117,000. Hedge funds and other institutional investors own 22.69% of the company’s stock.

About Alpha Pro Tech

Alpha Pro Tech Ltd is a Canada‐based specialty manufacturer of engineered polymer products that serve construction and healthcare markets. Through its two operating segments, the company develops, produces and markets synthetic materials used in residential and commercial construction as well as personal protective equipment and respiratory protection for industrial and medical applications.

In its Building Products segment, Alpha Pro Tech offers synthetic roofing underlayment, housewrap and related weatherproofing accessories designed to enhance moisture and air control in roof and wall assemblies.