Extremely significant negative changes in Alpha Pro Tech Ltd. (NYSEAMERICAN: APT) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and the stock fell on very heavy volume.
Marginal negative changes in fundamentals have recently occurred for Alpha Pro Tech Ltd. (NYSEAMERICAN: APT): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
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 rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Alpha Pro Tech has a neutral Appreciation Score of 41 but a very high Power Rating of 87, resulting in the Positive Value Trend Rating.
Recent Price Action
Alpha Pro Tech Ltd. (NYSEAMERICAN: APT) stock closed at $4.81 on 5/13/24 after a large decline of -6.2%. Moreover, this decline was accompanied by exceptionally high trading volume at 284% of normal. The stock has declined -21.0% during the last week but has been exceptionally strong relative to the market over the last nine months.
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