The stock of Alpha Pro Tech, Ltd. (NYSEMKT:APT) hit a new 52-week high and has $9.87 target or 178.00% above today’s $3.55 share price. The 5 months bullish chart indicates low risk for the $60.25M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $9.87 price target is reached, the company will be worth $107.25 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 14,144 shares traded hands. Alpha Pro Tech, Ltd. (NYSEMKT:APT) has risen 100.00% since April 19, 2016 and is uptrending. It has outperformed by 96.14% the S&P500.
According to Zacks Investment Research, “Alpha Pro Tech is in the business of protecting people, products and environments. The Company develops, manufactures and markets disposable protective apparel and infection control products through its subsidiary, Alpha Pro Tech, Inc. Its products find their application in the clean room, industrial, pharmaceutical, medical and dental markets. Products offered by Alpha include: shoecovers, bouffant caps, gowns, coveralls, lab coats, face masks, eye shields, and medical bed pads and etc. Alpha Pro Tech is based in Markham, Canada.”
More notable recent Alpha Pro Tech, Ltd. (NYSEMKT:APT) news were published by: Reuters.com which released: “BRIEF-Alpha Pro Tech announces additional $3 mln expansion to share repurc…” on September 06, 2016, also Marketwatch.com with their article: “Alpha Pro Tech Ltd.” published on December 21, 2009, Marketwired.com published: “Alpha Pro Tech, Ltd. Announces Financial Results for the Third Quarter” on November 02, 2016. More interesting news about Alpha Pro Tech, Ltd. (NYSEMKT:APT) were released by: Globenewswire.com and their article: “Alpha Pro Tech CEO Sheldon Hoffman Retires” published on September 23, 2015 as well as Thestreet.com‘s news article titled: “Why Alpha Pro Tech (APT) Stock Is Plunging Today” with publication date: October 20, 2014.
APT Company Profile
ALPHA PRO TECH, LTD. (Alpha Pro Tech), incorporated on June 15, 1994, is in the business of protecting people, products and environments. The Firm is engaged in developing, manufacturing and marketing a line of disposable protective apparel and infection control products for the cleanroom, industrial, pharmaceutical, medical and dental markets through its subsidiary, Alpha Pro Tech, Inc. The Company’s products are grouped into three divisions: Building Supply segment, Disposable Protective Apparel segment and Infection Control segment. The Company’s products are sold under the Alpha Pro Tech brand name, as well as under private label. The Company’s products are used primarily in cleanrooms, industrial safety manufacturing environments and healthcare facilities, such as hospitals, laboratories and dental offices, as well as building and re-roofing sites. The Company’s products are distributed in the United States through a network consisting of purchasing groups, national distributors, local distributors, independent sales representatives, and its own sales and marketing force. It also makes a line of building supply construction weatherization products through its subsidiary, Alpha ProTech Engineered Products, Inc.
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