Alpha Pro Tech (NYSE:APT) Shares Up 2.8% – Here’s What Happened

Alpha Pro Tech, Ltd. (NYSE:APT)’s share price shot up 2.8% during trading on Thursday . The company traded as high as $4.80 and last traded at $4.71. 64,401 shares traded hands during mid-day trading, an increase of 114% from the average session volume of 30,072 shares. The stock had previously closed at $4.58.

Alpha Pro Tech Stock Up 2.8%

The firm has a market cap of $48.80 million, a PE ratio of 12.73 and a beta of 0.59. The firm’s fifty day simple moving average is $4.57 and its two-hundred day simple moving average is $4.69.

Institutional Trading of Alpha Pro Tech

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. James Investment Research Inc. bought a new position in shares of Alpha Pro Tech during the second quarter valued at approximately $52,000. NewEdge Advisors LLC bought a new position in Alpha Pro Tech in the second quarter worth approximately $74,000. Jane Street Group LLC purchased a new stake in Alpha Pro Tech during the first quarter worth $117,000. Synovus Financial Corp purchased a new stake in Alpha Pro Tech during the third quarter worth $120,000. Finally, Inspire Advisors LLC bought a new stake in Alpha Pro Tech during the 2nd quarter valued at $274,000. 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.