Alpha Pro Tech Sees Unusually High Options Volume (NYSE:APT)

Alpha Pro Tech, Ltd. (NYSE:APT) saw unusually large options trading on Thursday. Investors purchased 4,457 call options on the stock. This represents an increase of 1,614% compared to the average daily volume of 260 call options.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Alpha Pro Tech in a report on Saturday, April 5th. They set a “buy” rating on the stock.

Alpha Pro Tech Price Performance

Alpha Pro Tech stock traded down $0.17 during mid-day trading on Thursday, hitting $4.22. 19,650 shares of the company’s stock traded hands, compared to its average volume of 31,198. Alpha Pro Tech has a fifty-two week low of $4.06 and a fifty-two week high of $6.45. The stock has a market cap of $45.83 million, a price-to-earnings ratio of 11.39 and a beta of 0.33. The firm has a 50 day simple moving average of $5.12 and a two-hundred day simple moving average of $5.37.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Alpha Pro Tech stock. Needham Investment Management LLC increased its holdings in shares of Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 612,500 shares of the company’s stock after acquiring an additional 2,500 shares during the quarter. Needham Investment Management LLC owned about 5.57% of Alpha Pro Tech worth $3,240,000 as of its most recent filing with the SEC. 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.