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

StockNews.com started coverage on shares of Alpha Pro Tech (NYSE:APT) in a research report issued on Monday. The firm set a “buy” rating on the stock.

Alpha Pro Tech Trading Up 2.7 %

APT stock opened at $5.62 on Monday. The stock has a 50-day moving average price of $5.42 and a two-hundred day moving average price of $5.57. Alpha Pro Tech has a 1 year low of $4.64 and a 1 year high of $6.92. The stock has a market cap of $61.82 million, a PE ratio of 15.19 and a beta of -0.64.

Institutional Investors Weigh In On Alpha Pro Tech

An institutional investor recently raised its position in Alpha Pro Tech stock. Needham Investment Management LLC grew its holdings in Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 612,500 shares of the company’s stock after purchasing an additional 2,500 shares during the period. Needham Investment Management LLC owned about 5.57% of Alpha Pro Tech worth $3,240,000 at the end of the most recent quarter. Institutional investors 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.