Alpha Pro Tech (NYSE:APT) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Alpha Pro Tech (NYSE:APT) in a research note issued to investors on Thursday. The brokerage set a “buy” rating on the stock.

Alpha Pro Tech Stock Down 1.3 %

NYSE APT opened at $5.29 on Thursday. The stock’s 50-day simple moving average is $5.36 and its two-hundred day simple moving average is $5.61. Alpha Pro Tech has a twelve month low of $4.64 and a twelve month high of $6.92. The company has a market capitalization of $58.18 million, a price-to-earnings ratio of 14.30 and a beta of -0.73.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Needham Investment Management LLC lifted its position in Alpha Pro Tech by 1.2% during the 3rd quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock valued at $3,477,000 after acquiring an additional 7,500 shares during the period. Renaissance Technologies LLC boosted its position in shares of Alpha Pro Tech by 1.3% in the 2nd quarter. Renaissance Technologies LLC now owns 632,375 shares of the company’s stock worth $3,478,000 after purchasing an additional 8,316 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Alpha Pro Tech by 37.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 125,018 shares of the company’s stock worth $688,000 after buying an additional 33,782 shares during the last quarter. Acadian Asset Management LLC increased its position in Alpha Pro Tech by 32.9% during the 2nd quarter. Acadian Asset Management LLC now owns 159,825 shares of the company’s stock valued at $877,000 after buying an additional 39,529 shares in the last quarter. Finally, Inspire Advisors LLC purchased a new position in Alpha Pro Tech during the third quarter valued at $326,000. Hedge funds and other institutional investors own 22.69% of the company’s stock.

Alpha Pro Tech Company Profile

Alpha Pro Tech, Ltd., together with its subsidiaries, develops, manufactures, and markets a range of disposable protective apparel, infection control, and building supply products in the United States and internationally. The company operates through Disposable Protective Apparel and Building Supply segments.