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

StockNews.com began coverage on shares of Alpha Pro Tech (NYSE:APT) in a research report report published on Wednesday. The brokerage issued a buy rating on the stock.

Alpha Pro Tech Stock Up 0.6 %

APT stock opened at $5.15 on Wednesday. The business’s 50-day simple moving average is $5.41 and its 200 day simple moving average is $5.50. The company has a market cap of $56.64 million, a PE ratio of 13.92 and a beta of 0.64. Alpha Pro Tech has a twelve month low of $4.64 and a twelve month high of $6.92.

Institutional Investors Weigh In On Alpha Pro Tech

A hedge fund recently raised its stake in Alpha Pro Tech stock. Needham Investment Management LLC raised its stake in shares of Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 612,500 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Needham Investment Management LLC owned 5.57% of Alpha Pro Tech worth $3,240,000 as of its most recent filing with the Securities and Exchange Commission. 22.69% of the stock is owned by institutional investors and hedge funds.

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.