StockNews.com Begins Coverage on Alpha Pro Tech (NYSE:APT)

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

Alpha Pro Tech Stock Down 1.5 %

Shares of APT opened at $5.40 on Friday. Alpha Pro Tech has a 52-week low of $4.64 and a 52-week high of $6.92. The firm’s fifty day moving average is $5.38 and its two-hundred day moving average is $5.59. The stock has a market cap of $59.40 million, a PE ratio of 14.59 and a beta of -0.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of APT. Inspire Advisors LLC acquired a new position in Alpha Pro Tech in the third quarter valued at about $326,000. Dimensional Fund Advisors LP increased its stake 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 worth $688,000 after purchasing an additional 33,782 shares during the period. Finally, Needham Investment Management LLC increased its stake in Alpha Pro Tech by 1.2% during the third quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock worth $3,477,000 after purchasing 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.