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

Stock analysts at StockNews.com assumed coverage on shares of Alpha Pro Tech (NYSE:APT) in a note issued to investors on Tuesday. The brokerage set a “buy” rating on the stock.

Alpha Pro Tech Stock Up 0.6 %

Shares of Alpha Pro Tech stock opened at $5.21 on Tuesday. The firm has a market capitalization of $57.30 million, a P/E ratio of 14.08 and a beta of -0.64. The company has a 50 day moving average price of $5.43 and a 200 day moving average price of $5.55. Alpha Pro Tech has a 52 week low of $4.64 and a 52 week high of $6.92.

Hedge Funds Weigh In On Alpha Pro Tech

An institutional investor recently raised its position in Alpha Pro Tech stock. Needham Investment Management LLC increased its holdings in Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 612,500 shares of the company’s stock after buying an additional 2,500 shares during the quarter. Needham Investment Management LLC owned about 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.