Alpha Pro Tech (NYSE:APT) Trading 0.8% Higher – Time to Buy?

Alpha Pro Tech, Ltd. (NYSE:APT)’s stock price was up 0.8% during trading on Thursday . The stock traded as high as $5.45 and last traded at $5.29. Approximately 35,642 shares traded hands during trading, a decline of 41% from the average session volume of 60,344 shares. The stock had previously closed at $5.25.

Alpha Pro Tech Stock Up 1.3%

The company has a market capitalization of $54.70 million, a PE ratio of 14.49 and a beta of 0.91. The stock’s fifty day moving average price is $5.23 and its two-hundred day moving average price is $5.17.

Institutional Trading of Alpha Pro Tech

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APT. Needham Investment Management LLC increased its position in Alpha Pro Tech by 1.2% during the 4th quarter. Needham Investment Management LLC now owns 642,500 shares of the company’s stock valued at $2,853,000 after purchasing an additional 7,500 shares during the period. Renaissance Technologies LLC lifted its position 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 worth $2,416,000 after purchasing an additional 21,100 shares during the period. BlackRock Inc. bought a new stake in shares of Alpha Pro Tech during the 2nd quarter valued at about $1,566,000. NewEdge Advisors LLC boosted its stake in shares of Alpha Pro Tech by 94.9% during 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 in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Alpha Pro Tech during the first quarter valued at about $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.