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

StockNews.com downgraded shares of Alpha Pro Tech (NYSE:APT) from a strong-buy rating to a buy rating in a research report released on Thursday.

Alpha Pro Tech Stock Down 0.5 %

Shares of NYSE APT traded down $0.03 during midday trading on Thursday, reaching $5.62. 17,963 shares of the company were exchanged, compared to its average volume of 49,522. The stock’s 50-day moving average price is $5.75 and its 200-day moving average price is $5.63. The stock has a market cap of $62.78 million, a P/E ratio of 13.78 and a beta of -0.73. Alpha Pro Tech has a one year low of $4.28 and a one year high of $6.92.

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

Insider Transactions at Alpha Pro Tech

In other Alpha Pro Tech news, Director David R. Garcia sold 5,000 shares of Alpha Pro Tech stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $5.48, for a total value of $27,400.00. Following the completion of the sale, the director now directly owns 9,413 shares in the company, valued at approximately $51,583.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 14.00% of the company’s stock.

Institutional Trading of Alpha Pro Tech

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APT. Hillsdale Investment Management Inc. acquired a new stake in shares of Alpha Pro Tech in the 1st quarter worth about $91,000. Inspire Advisors LLC purchased a new stake in Alpha Pro Tech in the 3rd quarter valued at $326,000. O Shaughnessy Asset Management LLC lifted its stake in Alpha Pro Tech by 226.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 90,015 shares of the company’s stock valued at $562,000 after acquiring an additional 62,437 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Alpha Pro Tech by 37.0% during the 2nd 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 during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Alpha Pro Tech by 893.0% in the 1st 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. 22.69% of the stock is owned by institutional investors.

About Alpha Pro Tech

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.