Alpha Pro Tech Ltd. (NYSEAMERICAN: APT) has reported earnings for its second fiscal quarter (ending June 30) of $0.15 versus $0.10 for the same period a year ago — an increase of 50%. E.P.S. were $0.41 for the latest four quarters through June 30 versus $0.23 for the same period a year ago — an increase of 78%.
Recent Price Action
Alpha Pro Tech Ltd. (NYSEAMERICAN: APT) stock enjoyed a large increase of 4.1% on 8/7/24. The stock closed at $5.33. However, below average trading volume at 74% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months but has declined -10.4% 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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Alpha Pro Tech has a slightly negative Appreciation Score of 38 but a slightly positive Power Rating of 62, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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