Alpha Pro Tech (NYSE:APT) Shares Down 1.9% – Here’s Why

Alpha Pro Tech, Ltd. (NYSE:APT)’s stock price was down 1.9% during mid-day trading on Monday. The stock traded as low as $5.02 and last traded at $5.04. 24,026 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 57,221 shares. The stock had previously closed at $5.14.

Alpha Pro Tech Stock Performance

The firm has a fifty day simple moving average of $5.20 and a 200 day simple moving average of $5.18. The company has a market capitalization of $51.44 million, a PE ratio of 13.62 and a beta of 0.91.

Institutional Investors Weigh In On Alpha Pro Tech

Several large investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Alpha Pro Tech during the second quarter valued at approximately $1,566,000. Renaissance Technologies LLC raised its stake in Alpha Pro Tech by 4.0% in the first quarter. Renaissance Technologies LLC now owns 544,072 shares of the company’s stock worth $2,416,000 after buying an additional 21,100 shares in the last quarter. Finally, Needham Investment Management LLC raised its stake in 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 buying an additional 7,500 shares in the last quarter. Institutional investors own 22.69% of the company’s stock.

About Alpha Pro Tech

Alpha Pro Tech, Ltd. develops, manufactures and markets disposable protective products and building-supply materials for commercial, industrial, medical and consumer applications. The company serves customers through a combination of in-house manufacturing and distribution operations.

Its Disposable Protective Apparel and Infection Control products include protective coveralls, gowns, face masks, shoe and boot covers, bouffant caps, beard covers and other single-use apparel. These products are used in healthcare, pharmaceutical, laboratory, cleanroom, food-processing and industrial environments.

Through its Building Supply segment, Alpha Pro Tech offers weatherization products such as housewrap, synthetic roofing underlayment, flashing materials and related construction accessories.