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

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

Alpha Pro Tech Trading Up 2.8 %

Shares of APT opened at $5.18 on Friday. Alpha Pro Tech has a twelve month low of $4.64 and a twelve month high of $6.92. The firm has a market capitalization of $56.32 million, a P/E ratio of 14.00 and a beta of 0.64. The stock’s fifty day simple moving average is $5.30 and its 200 day simple moving average is $5.45.

Hedge Funds Weigh In On Alpha Pro Tech

A hedge fund recently raised its stake in Alpha Pro Tech stock. Needham Investment Management LLC boosted its holdings in Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 612,500 shares of the company’s stock after buying an additional 2,500 shares during the period. Needham Investment Management LLC owned approximately 5.57% of Alpha Pro Tech worth $3,240,000 at the end of the most recent reporting period. Institutional investors own 22.69% of the company’s stock.

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.