Alpha Pro Tech (NYSE:APT) Trading Down 1.7% – Here’s Why

Alpha Pro Tech, Ltd. (NYSE:APT)’s stock price traded down 1.7% during mid-day trading on Thursday . The stock traded as low as $5.34 and last traded at $5.34. 19,694 shares traded hands during trading, a decline of 59% from the average session volume of 48,186 shares. The stock had previously closed at $5.43.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Alpha Pro Tech from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 7th.

Alpha Pro Tech Stock Performance

The firm’s 50 day simple moving average is $5.63 and its 200-day simple moving average is $5.57. The company has a market capitalization of $58.73 million, a price-to-earnings ratio of 14.43 and a beta of -0.73.

Insider Buying and Selling at Alpha Pro Tech

In other news, Director David R. Garcia sold 5,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $5.48, for a total value of $27,400.00. Following the transaction, the director now directly owns 9,413 shares of the company’s stock, valued at approximately $51,583.24. This represents a 34.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 14.00% of the company’s stock.

Hedge Funds Weigh In On Alpha Pro Tech

A number of hedge funds have recently modified their holdings of APT. Linden Thomas Advisory Services LLC increased its stake in shares of Alpha Pro Tech by 2.2% in the second quarter. Linden Thomas Advisory Services LLC now owns 163,644 shares of the company’s stock worth $900,000 after acquiring an additional 3,511 shares during the last quarter. Acadian Asset Management LLC boosted its holdings 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 worth $877,000 after purchasing an additional 39,529 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 worth $688,000 after purchasing an additional 33,782 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Alpha Pro Tech by 1.3% in the second quarter. Renaissance Technologies LLC now owns 632,375 shares of the company’s stock worth $3,478,000 after purchasing an additional 8,316 shares in the last quarter. Finally, Inspire Advisors LLC bought a new stake in Alpha Pro Tech in the third quarter worth $326,000. 22.69% of the stock is owned by institutional investors and hedge funds.

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.