Alpha Pro Tech (NYSE:APT) Trading Up 2.8% – Time to Buy?

Alpha Pro Tech, Ltd. (NYSE:APT)’s share price rose 2.8% during mid-day trading on Thursday . The stock traded as high as $4.80 and last traded at $4.71. Approximately 64,401 shares were traded during mid-day trading, an increase of 114% from the average daily volume of 30,072 shares. The stock had previously closed at $4.58.

Alpha Pro Tech Stock Performance

The company has a market capitalization of $49.00 million, a P/E ratio of 12.78 and a beta of 0.59. The firm’s fifty day moving average is $4.58 and its 200 day moving average is $4.69.

Hedge Funds Weigh In On Alpha Pro Tech

Several hedge funds have recently bought and sold shares of the business. James Investment Research Inc. bought a new position in Alpha Pro Tech in the 2nd quarter worth about $52,000. NewEdge Advisors LLC bought a new position in shares of Alpha Pro Tech during the 2nd quarter worth $74,000. Jane Street Group LLC purchased a new position in shares of Alpha Pro Tech during the first quarter valued at $117,000. Synovus Financial Corp bought a new position in Alpha Pro Tech during the 3rd quarter worth about $120,000. Finally, Inspire Advisors LLC purchased a new position in Alpha Pro Tech during the 2nd quarter valued at about $274,000. Institutional investors own 22.69% of the company’s stock.

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.