Alpha Pro Tech, Ltd.
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Report Link: Initial Research Report (Dated 08/12/2020)
Analyst: Howard Halpern
Taglich Rating: Buy
Price Target: $32.50
Time Horizon: 12 Months
Rating Established: August 12, 2020
Price When Established: $16.53
Most Recent Report: August 12, 2020
Price When Issued: $16.53
Alpha Pro Tech Expands Existing Share Repurchase Program
On September 22, 2020, Alpha Pro Tech, Ltd. announced its Board of Directors authorized a $5 million expansion of the company’s existing share repurchase program.
The company has approximately $7 million available to repurchase its common shares as $2 million remains from its previous announced expansion to repurchase shares in December 2019.
Management believes that re-activating and expanding APT’s share repurchase program should deliver value to shareholders.
Alpha Pro Tech, Ltd., owns and operates Alpha Pro Tech, Inc. and Alpha ProTech Engineered Products, Inc. The company is a vertically integrated developer, manufacturer and marketer of disposable protective apparel for the industrial, clean room, medical, and dental markets. The products in this segment include shoe covers, bouffant caps, coveralls, gowns, frocks and lab coats, as well as masks (including N-95) and face shields. The building supply segment, which is also vertically integrated, manufactures and markets a line of construction weatherization products, including building wrap and roof underlayment, as well as other woven materials.
Please view our current disclosure and disclaimer on our most recent research report.