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

Analysts at StockNews.com started coverage on shares of Alpha Pro Tech (NYSE:APT) in a report issued on Thursday. The brokerage set a “buy” rating on the stock.

Alpha Pro Tech Trading Up 1.2 %

Shares of NYSE:APT opened at $5.14 on Thursday. Alpha Pro Tech has a twelve month low of $4.64 and a twelve month high of $6.92. The company’s 50 day moving average is $5.37 and its 200 day moving average is $5.48. The company has a market cap of $55.89 million, a PE ratio of 13.89 and a beta of 0.64.

Institutional Investors Weigh In On Alpha Pro Tech

A hedge fund recently raised its stake in Alpha Pro Tech stock. Needham Investment Management LLC grew its stake in Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 612,500 shares of the company’s stock after purchasing an additional 2,500 shares during the period. Needham Investment Management LLC owned about 5.57% of Alpha Pro Tech worth $3,240,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 22.69% of the company’s stock.

About Alpha Pro Tech

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.