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

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

Alpha Pro Tech Stock Down 3.1 %

APT opened at $5.23 on Tuesday. Alpha Pro Tech has a 12-month low of $4.64 and a 12-month high of $6.92. The stock has a fifty day moving average of $5.43 and a 200-day moving average of $5.56. The firm has a market capitalization of $57.52 million, a P/E ratio of 14.14 and a beta of -0.64.

Hedge Funds 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 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 612,500 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Needham Investment Management LLC owned about 5.57% of Alpha Pro Tech worth $3,240,000 as of its most recent filing with the SEC. 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.