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

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

Alpha Pro Tech Price Performance

Shares of NYSE APT opened at $5.25 on Monday. The firm has a market capitalization of $57.75 million, a PE ratio of 14.19 and a beta of -0.64. Alpha Pro Tech has a 1-year low of $4.64 and a 1-year high of $6.92. The business’s fifty day moving average price is $5.42 and its two-hundred day moving average price is $5.57.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Alpha Pro Tech stock. Needham Investment Management LLC grew its holdings in shares of Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 612,500 shares of the company’s stock after buying an additional 2,500 shares during the period. Needham Investment Management LLC owned 5.57% of Alpha Pro Tech worth $3,240,000 as of its most recent filing with the Securities and Exchange Commission. 22.69% of the stock is 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.