Alpha Pro Tech (NYSE:APT) Trading Up 1.7% – Should You Buy?

Alpha Pro Tech, Ltd. (NYSE:APT) was up 1.7% on Thursday . The stock traded as high as $5.49 and last traded at $5.46. Approximately 25,679 shares were traded during mid-day trading, a decline of 59% from the average session volume of 63,073 shares. The stock had previously closed at $5.37.

Alpha Pro Tech Stock Performance

The business has a 50 day moving average of $5.22 and a 200-day moving average of $5.15. The company has a market capitalization of $55.72 million, a P/E ratio of 14.76 and a beta of 0.85.

Institutional Investors Weigh In On Alpha Pro Tech

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new position in Alpha Pro Tech in the 2nd quarter worth about $1,566,000. Jane Street Group LLC bought a new stake in shares of Alpha Pro Tech during the 1st quarter valued at about $117,000. Renaissance Technologies LLC grew its holdings in shares of 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 purchasing an additional 21,100 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Alpha Pro Tech by 94.9% during the fourth quarter. NewEdge Advisors LLC now owns 32,814 shares of the company’s stock worth $146,000 after purchasing an additional 15,980 shares in the last quarter. Finally, Needham Investment Management LLC increased its position in shares of Alpha Pro Tech by 1.2% in the fourth quarter. Needham Investment Management LLC now owns 642,500 shares of the company’s stock worth $2,853,000 after purchasing an additional 7,500 shares during the last quarter. 22.69% of the stock is owned by hedge funds and other institutional investors.

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.