Alpha Pro Tech Ltd. (APT) shares are trading at higher $15.52 and the avg recommendation for the stock is Strong Buy.
To add more color to this target, the company’s high over the last year is $41.59 and the low is $3.20. Over the last 52 weeks, APT is up 320.60% while the S&P 500 is up 14.78%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, APT reported a profit of $12.61 million. Alpha Pro Tech Ltd. also saw revenues increase to $25.5 million. In addition, APT has free cash flow of $16.33 million as of 06-2020. The company’s EBITDA came in at $8.06 million which compares well with its peers.
APT booked profit margins of 18.50%, its Return on Equity (ROE) is 32.10%, and its Return on Assets is 26.00%. All told, it is clear that, APT needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. APT has a short ratio of 1.56 and outstanding shares of 13.35M.
APT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.83 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.91. Alpha Pro Tech Ltd. APT also noted assets of $60.55 million at the end of the last quarter. Investors should also keep an eye on sector updates as APT has historically followed its peers on positive news.
All told, Alpha Pro Tech Ltd. APT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, APT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Alpha Pro Tech Ltd. APT is now commanding a market cap of 207.66M and a float of 12.27M. APT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of APT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in APT, either long or short, and we have not been compensated for this article.