Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Alpha Pro Tech Ltd. (NYSEAMERICAN: APT) improved during the last several trading days. APT’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Alpha Pro Tech Ltd. (NYSEAMERICAN: APT) stock declined by -4.6% on 4/12/24. The shares closed at $5.96. Moreover, this decline was accompanied by above average trading volume at 141% of normal. The stock has declined -8.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
APT is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
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 very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Alpha Pro Tech has a slightly negative Appreciation Score of 36 but a very high Power Rating of 92, resulting in the Positive Value Trend Rating.
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