StockNews.com Upgrades Alpha Pro Tech (NYSE:APT) to Strong-Buy

StockNews.com upgraded shares of Alpha Pro Tech (NYSE:APT) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday.

Alpha Pro Tech Trading Up 1.9 %

NYSE APT opened at $5.97 on Wednesday. Alpha Pro Tech has a 1-year low of $3.93 and a 1-year high of $6.92. The stock has a 50-day moving average of $5.58 and a 200-day moving average of $5.63. The firm has a market cap of $69.78 million, a PE ratio of 16.58 and a beta of -0.72.

Alpha Pro Tech (NYSE:APT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter. Alpha Pro Tech had a return on equity of 6.86% and a net margin of 6.92%. The company had revenue of $16.29 million for the quarter.

Hedge Funds Weigh In On Alpha Pro Tech

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. purchased a new stake in shares of Alpha Pro Tech in the 1st quarter worth $91,000. O Shaughnessy Asset Management LLC increased its stake in Alpha Pro Tech by 226.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 90,015 shares of the company’s stock worth $562,000 after buying an additional 62,437 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 worth $688,000 after buying an additional 33,782 shares in the last quarter. Acadian Asset Management LLC increased its stake in Alpha Pro Tech by 893.0% in the 1st quarter. Acadian Asset Management LLC now owns 120,296 shares of the company’s stock worth $750,000 after buying an additional 108,181 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in Alpha Pro Tech by 2.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 163,644 shares of the company’s stock worth $900,000 after buying an additional 3,511 shares in the last quarter. 22.69% of the stock is owned by institutional investors.

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.