Alpha Pro Tech (NYSE:APT) Trading Up 1.7% – Still a Buy?

Shares of Alpha Pro Tech, Ltd. (NYSE:APT) traded up 1.7% during mid-day trading on Thursday . The stock traded as high as $5.49 and last traded at $5.46. Approximately 25,679 shares were traded during 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 Price Performance

The stock has a 50-day moving average price of $5.22 and a 200 day moving average price of $5.15. The firm has a market cap of $55.42 million, a price-to-earnings ratio of 14.68 and a beta of 0.85.

Institutional Investors Weigh In On Alpha Pro Tech

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Needham Investment Management LLC boosted its holdings 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 valued at $2,853,000 after acquiring an additional 7,500 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Alpha Pro Tech by 4.0% in the 1st quarter. Renaissance Technologies LLC now owns 544,072 shares of the company’s stock valued at $2,416,000 after acquiring an additional 21,100 shares during the period. BlackRock Inc. acquired a new position in shares of Alpha Pro Tech in the 2nd quarter valued at $1,566,000. NewEdge Advisors LLC raised its position in Alpha Pro Tech by 94.9% in the 4th quarter. NewEdge Advisors LLC now owns 32,814 shares of the company’s stock valued at $146,000 after purchasing an additional 15,980 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Alpha Pro Tech in the 1st quarter valued at $117,000. Hedge funds and other 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.