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

Equities researchers at StockNews.com assumed 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 Stock Performance

Alpha Pro Tech stock opened at $5.44 on Friday. Alpha Pro Tech has a one year low of $4.64 and a one year high of $6.92. The company has a 50-day simple moving average of $5.37 and a 200-day simple moving average of $5.60. The firm has a market capitalization of $59.84 million, a P/E ratio of 14.70 and a beta of -0.64.

Alpha Pro Tech (NYSE:APT) last posted its earnings results on Wednesday, November 6th. The company reported $0.08 EPS for the quarter. The firm 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 Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Needham Investment Management LLC increased its holdings in shares of 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 purchasing an additional 7,500 shares during the period. Dimensional Fund Advisors LP grew its position in Alpha Pro Tech by 37.0% in the 2nd 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 in the last quarter. Finally, Inspire Advisors LLC acquired a new position in Alpha Pro Tech during the 3rd quarter valued at about $326,000. Institutional investors and hedge funds 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.