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

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

Alpha Pro Tech Trading Down 6.8 %

Shares of NYSE:APT opened at $4.38 on Friday. The company has a market capitalization of $47.62 million, a price-to-earnings ratio of 11.84 and a beta of 0.33. Alpha Pro Tech has a 12-month low of $4.26 and a 12-month high of $6.91. The business has a 50-day moving average price of $5.22 and a 200 day moving average price of $5.42.

Institutional Trading of Alpha Pro Tech

A hedge fund recently raised its stake in Alpha Pro Tech stock. Needham Investment Management LLC lifted its position in Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 612,500 shares of the company’s stock after buying an additional 2,500 shares during the quarter. Needham Investment Management LLC owned approximately 5.57% of Alpha Pro Tech worth $3,240,000 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.