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

Research analysts at StockNews.com initiated coverage on shares of Alpha Pro Tech (NYSE:APT) in a research report issued to clients and investors on Friday. The brokerage set a “buy” rating on the stock.

Alpha Pro Tech Stock Up 0.4 %

Shares of Alpha Pro Tech stock opened at $5.33 on Friday. The business has a fifty day simple moving average of $5.38 and a 200-day simple moving average of $5.62. Alpha Pro Tech has a fifty-two week low of $4.64 and a fifty-two week high of $6.92. The firm has a market cap of $58.63 million, a price-to-earnings ratio of 14.41 and a beta of -0.71.

Alpha Pro Tech (NYSE:APT) last released its earnings results on Wednesday, November 6th. The company reported $0.08 EPS for the quarter. The business had revenue of $14.25 million during the quarter. Alpha Pro Tech had a net margin of 6.99% and a return on equity of 6.70%.

Institutional Investors Weigh In On Alpha Pro Tech

A number of institutional investors have recently modified their holdings of the stock. Inspire Advisors LLC bought a new stake in shares of Alpha Pro Tech in the 3rd quarter worth approximately $326,000. Dimensional Fund Advisors LP lifted its stake in Alpha Pro Tech by 37.0% during the second quarter. Dimensional Fund Advisors LP now owns 125,018 shares of the company’s stock worth $688,000 after purchasing an additional 33,782 shares during the period. Finally, Needham Investment Management LLC boosted its stake in Alpha Pro Tech by 1.2% in the 3rd quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock valued at $3,477,000 after buying an additional 7,500 shares in the last quarter. Institutional investors and hedge funds own 22.69% of the company’s stock.

About Alpha Pro Tech

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.