Alpha Pro Tech (NYSE:APT) Trading Down 1.7% – Here’s What Happened

Alpha Pro Tech, Ltd. (NYSE:APT) was down 1.7% during trading on Thursday . The stock traded as low as $5.34 and last traded at $5.34. Approximately 19,694 shares traded hands during trading, a decline of 59% from the average daily volume of 48,186 shares. The stock had previously closed at $5.43.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Alpha Pro Tech from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 7th.

Alpha Pro Tech Stock Down 0.7 %

The business has a fifty day moving average price of $5.62 and a 200-day moving average price of $5.57. The company has a market cap of $58.30 million, a P/E ratio of 14.32 and a beta of -0.73.

Insider Activity at Alpha Pro Tech

In other news, Director David R. Garcia sold 5,000 shares of Alpha Pro Tech stock in a transaction on Monday, September 16th. The stock was sold at an average price of $5.48, for a total transaction of $27,400.00. Following the completion of the sale, the director now owns 9,413 shares of the company’s stock, valued at approximately $51,583.24. This trade represents a 34.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 14.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alpha Pro Tech

Several institutional investors and hedge funds have recently modified their holdings of APT. Linden Thomas Advisory Services LLC raised its stake in Alpha Pro Tech by 2.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 163,644 shares of the company’s stock worth $900,000 after purchasing an additional 3,511 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Alpha Pro Tech by 32.9% in the second 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 boosted its stake in shares of 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 buying an additional 33,782 shares during the period. Renaissance Technologies LLC grew its position 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 buying an additional 8,316 shares in the last quarter. Finally, Inspire Advisors LLC bought a new position in Alpha Pro Tech during the 3rd quarter worth $326,000. 22.69% of the stock is currently owned by institutional investors and hedge funds.

Alpha Pro Tech Company Profile

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.