Alpha Pro Tech (NYSE:APT) Trading Down 2.7% – Here’s What Happened

Alpha Pro Tech, Ltd. (NYSE:APT) shares traded down 2.7% during mid-day trading on Monday . The company traded as low as $4.36 and last traded at $4.38. 37,523 shares changed hands during trading, an increase of 45% from the average session volume of 25,847 shares. The stock had previously closed at $4.50.

Alpha Pro Tech Stock Down 2.7%

The firm’s 50 day simple moving average is $4.57 and its 200-day simple moving average is $4.69. The company has a market capitalization of $45.38 million, a PE ratio of 11.84 and a beta of 0.56.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in shares of Alpha Pro Tech during the first quarter worth about $117,000. James Investment Research Inc. purchased a new stake in shares of Alpha Pro Tech during the 2nd quarter valued at about $52,000. Inspire Advisors LLC purchased a new stake in shares of Alpha Pro Tech during the 2nd quarter valued at about $274,000. NewEdge Advisors LLC acquired a new position in Alpha Pro Tech during the 2nd quarter worth approximately $74,000. Finally, Synovus Financial Corp purchased a new position in Alpha Pro Tech in the 3rd quarter worth approximately $120,000. 22.69% of the stock is owned by hedge funds and other institutional investors.

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.