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

Alpha Pro Tech (NYSE:APT) was downgraded by investment 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 Price Performance

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

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

Insider Transactions at Alpha Pro Tech

In related news, Director David R. Garcia sold 5,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $5.48, for a total value of $27,400.00. Following the completion of the transaction, the director now directly owns 9,413 shares of the company’s stock, valued at approximately $51,583.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 14.00% of the company’s stock.

Institutional Investors Weigh In On Alpha Pro Tech

A number of hedge funds and other institutional investors have recently modified their holdings of APT. Hillsdale Investment Management Inc. acquired a new position in Alpha Pro Tech in the first quarter valued at about $91,000. Inspire Advisors LLC acquired a new position in Alpha Pro Tech in the third quarter valued at about $326,000. O Shaughnessy Asset Management LLC raised its stake in Alpha Pro Tech by 226.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 90,015 shares of the company’s stock worth $562,000 after acquiring an additional 62,437 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Alpha Pro Tech by 37.0% during the second quarter. Dimensional Fund Advisors LP now owns 125,018 shares of the company’s stock worth $688,000 after acquiring an additional 33,782 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Alpha Pro Tech by 893.0% during the first quarter. Acadian Asset Management LLC now owns 120,296 shares of the company’s stock worth $750,000 after acquiring an additional 108,181 shares in the last quarter. Institutional investors and hedge funds own 22.69% of the company’s stock.

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.