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

StockNews.com assumed coverage on shares of Alpha Pro Tech (NYSE:APT) in a research report released on Friday morning. The firm issued a buy rating on the stock.

Alpha Pro Tech Trading Up 0.4 %

Alpha Pro Tech stock opened at $5.35 on Friday. The stock has a market cap of $58.85 million, a PE ratio of 14.46 and a beta of -0.71. The stock has a 50-day moving average price of $5.38 and a 200 day moving average price of $5.61. Alpha Pro Tech has a 52 week low of $4.64 and a 52 week high of $6.92.

Alpha Pro Tech (NYSE:APT) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.08 earnings per share for the quarter. The business 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 Investors Weigh In On Alpha Pro Tech

Hedge funds have recently made changes to their positions in the business. Inspire Advisors LLC purchased a new position in Alpha Pro Tech during the third quarter worth about $326,000. Dimensional Fund Advisors LP grew its holdings 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 during the period. Finally, Needham Investment Management LLC lifted its holdings in shares of Alpha Pro Tech by 1.2% during the 3rd quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock worth $3,477,000 after acquiring an additional 7,500 shares during the period. 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.