Alpha Pro Tech (APT) to Buyback $2.00 million in Stock
Alpha Pro Tech (NYSEAMERICAN:APT) declared that its board has approved a share buyback program, which authorizes the company to repurchase $2.00 million in outstanding shares on Friday, December 22nd, EventVestor reports. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
Alpha Pro Tech (NYSEAMERICAN APT) traded up $0.03 during trading on Friday, hitting $4.05. The company had a trading volume of 19,003 shares, compared to its average volume of 16,510. The firm has a market capitalization of $61.85, a price-to-earnings ratio of 18.41 and a beta of 1.12. Alpha Pro Tech has a one year low of $2.55 and a one year high of $4.25.
In other Alpha Pro Tech news, Director Charles D. Montgomery purchased 10,690 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were purchased at an average cost of $3.87 per share, with a total value of $41,370.30. Following the completion of the purchase, the director now owns 2,575 shares in the company, valued at $9,965.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
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Alpha Pro Tech Company Profile
ALPHA PRO TECH, LTD. (Alpha Pro Tech) is in the business of protecting people, products and environments. The Company is engaged in developing, manufacturing and marketing a line of disposable protective apparel and infection control products for the cleanroom, industrial, pharmaceutical, medical and dental markets through its subsidiary, Alpha Pro Tech, Inc Its products are grouped into three segments: Building Supply, which consists of construction weatherization products, such as housewrap and synthetic roof underlayment, as well as other woven material; Disposable Protective Apparel, which consists of disposable protective apparel, such as shoecovers, bouffant caps, gowns, coveralls, lab coats, frocks and other miscellaneous products, and Infection Control, which consists of face masks and eye shields.
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