Alpha Pro Tech (NYSE:APT) Earns Buy Rating from Analysts at StockNews.com

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

Alpha Pro Tech Stock Performance

APT opened at $4.34 on Monday. Alpha Pro Tech has a twelve month low of $4.06 and a twelve month high of $6.44. The business has a 50 day moving average price of $4.96 and a 200 day moving average price of $5.30. The firm has a market cap of $47.13 million, a P/E ratio of 11.72 and a beta of 0.33.

Institutional Investors Weigh In On Alpha Pro Tech

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