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

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

Alpha Pro Tech Stock Down 6.8 %

Shares of APT stock opened at $4.38 on Friday. The firm has a 50 day moving average of $5.22 and a two-hundred day moving average of $5.42. The stock has a market capitalization of $47.62 million, a PE ratio of 11.84 and a beta of 0.33. Alpha Pro Tech has a 52 week low of $4.26 and a 52 week high of $6.91.

Institutional Investors Weigh In On Alpha Pro Tech

A hedge fund recently raised its stake in Alpha Pro Tech stock. Needham Investment Management LLC lifted its stake in shares of Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 612,500 shares of the company’s stock after buying an additional 2,500 shares during the quarter. 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 and hedge funds 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.