Alpha Pro Tech (NYSE:APT) Stock Price Up 7.2% – Here’s Why

Alpha Pro Tech, Ltd. (NYSE:APT) shares traded up 7.2% during trading on Wednesday . The company traded as high as $4.79 and last traded at $4.76. 54,691 shares were traded during trading, an increase of 36% from the average session volume of 40,087 shares. The stock had previously closed at $4.44.

Alpha Pro Tech Price Performance

The firm has a market cap of $45.22 million, a price-to-earnings ratio of 12.00 and a beta of 0.79. The business has a 50 day moving average price of $4.97 and a 200-day moving average price of $4.75.

Hedge Funds Weigh In On Alpha Pro Tech

Institutional investors have recently added to or reduced their stakes in the company. Needham Investment Management LLC boosted its position in Alpha Pro Tech by 1.2% in the 4th quarter. Needham Investment Management LLC now owns 642,500 shares of the company’s stock valued at $2,853,000 after buying an additional 7,500 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Alpha Pro Tech by 94.9% in the fourth quarter. NewEdge Advisors LLC now owns 32,814 shares of the company’s stock worth $146,000 after acquiring an additional 15,980 shares in the last quarter. Synovus Financial Corp purchased a new position in Alpha Pro Tech in the third quarter valued at about $120,000. Finally, Jane Street Group LLC purchased a new position in Alpha Pro Tech in the first quarter valued at about $117,000. Institutional investors and hedge funds own 22.69% of the company’s stock.

About Alpha Pro Tech

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.