Traders Purchase High Volume of Call Options on Alpha Pro Tech (NYSE:APT)

Alpha Pro Tech, Ltd. (NYSE:APT) was the target of some unusual options trading activity on Thursday. Investors bought 4,457 call options on the company. This is an increase of 1,614% compared to the typical daily volume of 260 call options.

Hedge Funds Weigh In On Alpha Pro Tech

A hedge fund recently raised its stake in Alpha Pro Tech stock. Needham Investment Management LLC increased its holdings in Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 612,500 shares of the company’s stock after buying an additional 2,500 shares during the period. Needham Investment Management LLC owned about 5.57% of Alpha Pro Tech worth $3,240,000 as of its most recent SEC filing. 22.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Alpha Pro Tech in a research report on Saturday, April 5th. They set a “buy” rating on the stock.

Alpha Pro Tech Trading Down 0.2 %

Shares of APT stock opened at $4.16 on Friday. The company has a market capitalization of $45.23 million, a P/E ratio of 11.24 and a beta of 0.33. The business’s 50 day moving average is $5.07 and its two-hundred day moving average is $5.35. Alpha Pro Tech has a twelve month low of $4.06 and a twelve month high of $6.44.

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.