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

Stock analysts at StockNews.com began coverage on shares of Alpha Pro Tech (NYSE:APT) in a report issued on Monday. The firm set a “buy” rating on the stock.

Alpha Pro Tech Stock Down 1.9 %

Shares of NYSE:APT opened at $5.15 on Monday. Alpha Pro Tech has a 52-week low of $4.64 and a 52-week high of $6.92. The stock has a market cap of $56.64 million, a price-to-earnings ratio of 13.92 and a beta of -0.64. The business has a 50-day moving average price of $5.42 and a 200-day moving average price of $5.57.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Alpha Pro Tech stock. Needham Investment Management LLC lifted its position in Alpha Pro Tech, Ltd. (NYSE:APT) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 610,000 shares of the company’s stock after purchasing an additional 7,500 shares during the quarter. Needham Investment Management LLC owned about 5.55% of Alpha Pro Tech worth $3,477,000 as of its most recent SEC filing. 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.