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

Shares of Alpha Pro Tech, Ltd. (NYSE:APT) fell 0.2% during mid-day trading on Friday . The stock traded as low as $4.68 and last traded at $4.73. 16,315 shares were traded during trading, a decline of 44% from the average session volume of 29,335 shares. The stock had previously closed at $4.74.

Wall Street Analyst Weigh In

Separately, Wall Street Zen began coverage on shares of Alpha Pro Tech in a report on Thursday, May 15th. They set a “buy” rating for the company.

Alpha Pro Tech Stock Down 0.2%

The stock has a market capitalization of $51.39 million, a PE ratio of 12.78 and a beta of 0.34. The company’s fifty day moving average price is $4.56 and its 200-day moving average price is $4.96.

Hedge Funds Weigh In On Alpha Pro Tech

A number of hedge funds have recently added to or reduced their stakes in the company. Needham Investment Management LLC raised its holdings in Alpha Pro Tech by 0.4% in the 4th quarter. Needham Investment Management LLC now owns 612,500 shares of the company’s stock worth $3,240,000 after acquiring an additional 2,500 shares during the last quarter. Jane Street Group LLC bought a new stake in Alpha Pro Tech in the 1st quarter worth approximately $117,000. Finally, Linden Thomas Advisory Services LLC grew its position in Alpha Pro Tech by 17.1% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 187,610 shares of the company’s stock worth $938,000 after purchasing an additional 27,457 shares during the period. 22.69% of the stock is currently owned by hedge funds and other institutional investors.

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.