Alpha Pro Tech (NYSE:APT) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Alpha Pro Tech (NYSE:APT) in a research note issued to investors on Thursday morning. The firm issued a buy rating on the stock.

Alpha Pro Tech Stock Performance

APT stock opened at $5.42 on Thursday. The company has a market capitalization of $59.62 million, a P/E ratio of 14.65 and a beta of -0.71. Alpha Pro Tech has a 52-week low of $4.64 and a 52-week high of $6.92. The company has a fifty day moving average price of $5.38 and a 200-day moving average price of $5.62.

Alpha Pro Tech (NYSE:APT) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $14.25 million during the quarter. Alpha Pro Tech had a net margin of 6.99% and a return on equity of 6.70%.

Institutional Investors Weigh In On Alpha Pro Tech

Large investors have recently bought and sold shares of the stock. Inspire Advisors LLC bought a new position in shares of Alpha Pro Tech in the third quarter valued at $326,000. Dimensional Fund Advisors LP grew its holdings in shares of Alpha Pro Tech by 37.0% in the second quarter. Dimensional Fund Advisors LP now owns 125,018 shares of the company’s stock valued at $688,000 after acquiring an additional 33,782 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Alpha Pro Tech by 1.3% during the second quarter. Renaissance Technologies LLC now owns 632,375 shares of the company’s stock worth $3,478,000 after acquiring an additional 8,316 shares during the period. Finally, Needham Investment Management LLC boosted its holdings in shares of Alpha Pro Tech by 1.2% in the 3rd quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock worth $3,477,000 after buying an additional 7,500 shares during the last quarter. 22.69% of the stock is currently owned by institutional investors and hedge funds.

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.