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

Equities researchers at StockNews.com assumed coverage on shares of Alpha Pro Tech (NYSE:APT) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating on the stock.

Alpha Pro Tech Price Performance

Shares of NYSE APT opened at $5.21 on Tuesday. The stock has a market capitalization of $57.30 million, a price-to-earnings ratio of 14.08 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. The firm’s 50 day simple moving average is $5.43 and its 200-day simple moving average is $5.55.

Institutional Investors Weigh In On Alpha Pro Tech

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