Stock Rating Upgrade
In recent days the Value Trend Rating for Alpha Pro Tech Ltd. (NYSEAMERICAN: APT) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 5/10/24, Alpha Pro Tech Ltd. (NYSEAMERICAN: APT) stock declined modestly by -1.9%, closing at $5.13. Moreover, trading volume in this decline was above average at 129% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -15.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, APT is expected to continue to be Value Creation neutral.
Alpha Pro Tech has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Alpha Pro Tech has a neutral Appreciation Score of 41 but a very high Power Rating of 87, triggering the Positive Value Trend Rating.
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