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

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

Alpha Pro Tech Price Performance

Shares of APT stock opened at $5.37 on Monday. The company’s fifty day moving average price is $5.43 and its two-hundred day moving average price is $5.56. The firm has a market capitalization of $59.06 million, a P/E ratio of 14.51 and a beta of -0.64. Alpha Pro Tech has a 12 month low of $4.64 and a 12 month high of $6.92.

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 holdings in shares of Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% in the 4th quarter, according to the company in its most recent 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 quarter. Needham Investment Management LLC owned 5.57% of Alpha Pro Tech worth $3,240,000 as of its most recent SEC filing. 22.69% of the stock is owned by institutional investors.

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.