Alpha Pro Tech (NYSE:APT) Trading 0.2% Higher – What’s Next?

Alpha Pro Tech, Ltd. (NYSE:APT)’s share price rose 0.2% on Tuesday . The stock traded as high as $5.35 and last traded at $5.28. Approximately 15,492 shares were traded during trading, a decline of 67% from the average daily volume of 47,561 shares. The stock had previously closed at $5.27.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Alpha Pro Tech in a report on Wednesday. They set a “buy” rating for the company.

Alpha Pro Tech Stock Performance

The company has a 50-day simple moving average of $5.46 and a 200-day simple moving average of $5.60. The stock has a market cap of $58.07 million, a P/E ratio of 14.27 and a beta of -0.73.

Institutional Trading of Alpha Pro Tech

Hedge funds have recently modified their holdings of the stock. Inspire Advisors LLC bought a new position in shares of Alpha Pro Tech in the 3rd quarter valued at about $326,000. Acadian Asset Management LLC boosted its stake in 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 acquiring an additional 39,529 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in 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 acquiring an additional 33,782 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Alpha Pro Tech by 1.3% during the 2nd quarter. Renaissance Technologies LLC now owns 632,375 shares of the company’s stock worth $3,478,000 after acquiring an additional 8,316 shares during the period. Finally, Needham Investment Management LLC raised its position in shares of Alpha Pro Tech by 1.2% during the 3rd quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock valued at $3,477,000 after acquiring an additional 7,500 shares during the last quarter. 22.69% of the stock is owned by institutional investors.

About Alpha Pro Tech

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.