Alpha Pro Tech (NYSE:APT) Trading Up 0.8% – What’s Next?

Alpha Pro Tech, Ltd. (NYSE:APT) traded up 0.8% during mid-day trading on Thursday . The company traded as high as $5.45 and last traded at $5.29. 35,642 shares changed hands during trading, a decline of 41% from the average session volume of 60,344 shares. The stock had previously closed at $5.25.

Alpha Pro Tech Stock Performance

The firm has a market cap of $53.99 million, a price-to-earnings ratio of 14.30 and a beta of 0.91. The business has a 50 day simple moving average of $5.23 and a 200-day simple moving average of $5.17.

Hedge Funds Weigh In On Alpha Pro Tech

Hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of Alpha Pro Tech in the 1st quarter worth approximately $117,000. NewEdge Advisors LLC purchased a new stake in shares of Alpha Pro Tech during the second quarter valued at approximately $74,000. Needham Investment Management LLC increased its position in shares of Alpha Pro Tech by 1.2% during the fourth quarter. Needham Investment Management LLC now owns 642,500 shares of the company’s stock valued at $2,853,000 after acquiring an additional 7,500 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Alpha Pro Tech by 4.0% during the first quarter. Renaissance Technologies LLC now owns 544,072 shares of the company’s stock worth $2,416,000 after acquiring an additional 21,100 shares during the period. Finally, BlackRock Inc. bought a new stake in Alpha Pro Tech during the second quarter worth $1,566,000. Institutional investors own 22.69% of the company’s stock.

Alpha Pro Tech Company Profile

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.