StockNews.com Begins Coverage on Alpha Pro Tech (NYSE:APT)

Equities researchers at StockNews.com initiated coverage on shares of Alpha Pro Tech (NYSE:APT) in a note issued to investors on Wednesday. The firm set a “buy” rating on the stock.

Alpha Pro Tech Price Performance

APT stock opened at $5.08 on Wednesday. The company has a market capitalization of $55.87 million, a PE ratio of 13.73 and a beta of 0.64. Alpha Pro Tech has a 12 month low of $4.64 and a 12 month high of $6.92. The firm’s 50-day moving average is $5.43 and its 200 day moving average is $5.52.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Alpha Pro Tech stock. Needham Investment Management LLC raised its holdings in shares of Alpha Pro Tech, Ltd. (NYSE:APT) by 1.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 610,000 shares of the company’s stock after purchasing an additional 7,500 shares during the period. Needham Investment Management LLC owned 5.55% of Alpha Pro Tech worth $3,477,000 at the end of the most recent reporting period. 22.69% of the stock is owned by hedge funds and other institutional investors.

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.