Alpha Pro Tech (NYSE:APT) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Alpha Pro Tech (NYSE:APT) in a note issued to investors on Thursday. The brokerage set a “buy” rating on the stock.

Alpha Pro Tech Stock Performance

NYSE:APT opened at $5.66 on Thursday. The company has a market cap of $62.25 million, a price-to-earnings ratio of 15.30 and a beta of -0.73. Alpha Pro Tech has a fifty-two week low of $4.64 and a fifty-two week high of $6.92. The stock has a fifty day moving average price of $5.35 and a 200-day moving average price of $5.61.

Hedge Funds Weigh In On Alpha Pro Tech

Several hedge funds have recently bought and sold shares of the company. Inspire Advisors LLC bought a new stake in shares of Alpha Pro Tech during the 3rd quarter worth approximately $326,000. Dimensional Fund Advisors LP raised its position in Alpha Pro Tech by 37.0% during the second quarter. Dimensional Fund Advisors LP now owns 125,018 shares of the company’s stock valued at $688,000 after purchasing an additional 33,782 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Alpha Pro Tech by 32.9% during the second quarter. Acadian Asset Management LLC now owns 159,825 shares of the company’s stock worth $877,000 after purchasing an additional 39,529 shares during the last quarter. Needham Investment Management LLC boosted its holdings in shares of Alpha Pro Tech by 1.2% in the 3rd quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock valued at $3,477,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Alpha Pro Tech by 1.3% in the 2nd quarter. Renaissance Technologies LLC now owns 632,375 shares of the company’s stock valued at $3,478,000 after purchasing an additional 8,316 shares in the last quarter. 22.69% of the stock is owned by institutional investors.

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.