Alpha Pro Tech (NYSE:APT) Rating Lowered to “Buy” at StockNews.com

Alpha Pro Tech (NYSE:APT) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Alpha Pro Tech Trading Down 2.1 %

APT stock traded down $0.12 during trading on Thursday, hitting $5.65. The company had a trading volume of 17,978 shares, compared to its average volume of 17,339. The business has a 50-day moving average of $5.75 and a 200-day moving average of $5.63. Alpha Pro Tech has a one year low of $4.16 and a one year high of $6.92. The stock has a market cap of $63.11 million, a PE ratio of 13.78 and a beta of -0.73.

Alpha Pro Tech (NYSE:APT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter. Alpha Pro Tech had a return on equity of 7.64% and a net margin of 7.71%. The firm had revenue of $16.29 million for the quarter.

Insider Buying and Selling at Alpha Pro Tech

In other Alpha Pro Tech news, Director David R. Garcia sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 14.00% of the company’s stock.

Hedge Funds Weigh In On Alpha Pro Tech

Institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC raised its position in Alpha Pro Tech by 893.0% in the 1st quarter. Acadian Asset Management LLC now owns 120,296 shares of the company’s stock valued at $750,000 after buying an additional 108,181 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Alpha Pro Tech by 226.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 90,015 shares of the company’s stock valued at $562,000 after buying an additional 62,437 shares during the last quarter. Inspire Advisors LLC purchased a new stake in Alpha Pro Tech in the 3rd quarter valued at $326,000. Dimensional Fund Advisors LP raised its position in Alpha Pro Tech by 37.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 125,018 shares of the company’s stock valued at $688,000 after buying an additional 33,782 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in Alpha Pro Tech in the 1st quarter valued at $91,000. 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.