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

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

Alpha Pro Tech Stock Performance

Shares of APT opened at $5.18 on Friday. Alpha Pro Tech has a 1 year low of $4.64 and a 1 year high of $6.92. The company’s fifty day moving average is $5.30 and its two-hundred day moving average is $5.45. The stock has a market capitalization of $56.32 million, a P/E ratio of 14.00 and a beta of 0.64.

Institutional Trading of Alpha Pro Tech

An institutional investor recently raised its position in Alpha Pro Tech stock. Needham Investment Management LLC increased its stake in shares of Alpha Pro Tech, Ltd. (NYSE:APT) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 610,000 shares of the company’s stock after purchasing an additional 7,500 shares during the quarter. Needham Investment Management LLC owned approximately 5.55% of Alpha Pro Tech worth $3,477,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.