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

Stock analysts at StockNews.com assumed coverage on shares of Alpha Pro Tech (NYSE:APT) in a report issued on Friday. The firm set a “buy” rating on the stock.

Alpha Pro Tech Stock Down 2.1 %

APT stock opened at $5.67 on Friday. The business’s 50-day moving average price is $5.36 and its 200-day moving average price is $5.63. The stock has a market cap of $62.36 million, a P/E ratio of 15.32 and a beta of -0.71. Alpha Pro Tech has a twelve month low of $4.64 and a twelve month high of $6.92.

Institutional Investors Weigh In On Alpha Pro Tech

Institutional investors have recently bought and sold shares of the business. Needham Investment Management LLC grew its stake in Alpha Pro Tech by 1.2% during the third 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 in the last quarter. Inspire Advisors LLC purchased a new position in shares of Alpha Pro Tech during the third quarter valued at about $326,000. Renaissance Technologies LLC lifted its position in shares of Alpha Pro Tech by 1.3% in the second quarter. Renaissance Technologies LLC now owns 632,375 shares of the company’s stock worth $3,478,000 after buying an additional 8,316 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 valued at $688,000 after buying an additional 33,782 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings 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. Hedge funds and other institutional investors 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.