Alpha Pro Tech (NYSE:APT) Research Coverage Started at StockNews.com

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

Alpha Pro Tech Stock Down 1.2 %

NYSE:APT opened at $5.02 on Thursday. The stock’s 50 day moving average price is $5.34 and its two-hundred day moving average price is $5.47. The firm has a market capitalization of $54.58 million, a price-to-earnings ratio of 13.57 and a beta of 0.64. Alpha Pro Tech has a 12-month low of $4.64 and a 12-month high of $6.92.

Institutional Investors Weigh In On Alpha Pro Tech

An institutional investor recently raised its position in Alpha Pro Tech stock. Needham Investment Management LLC raised its holdings in Alpha Pro Tech, Ltd. (NYSE:APT) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 610,000 shares of the company’s stock after purchasing an additional 7,500 shares during the quarter. Needham Investment Management LLC owned 5.55% of Alpha Pro Tech worth $3,477,000 as of its most recent SEC filing. 22.69% of the stock is owned by hedge funds and other 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.