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

Investment analysts at StockNews.com initiated 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 Down 1.2 %

NYSE:APT opened at $5.02 on Thursday. The stock has a market capitalization of $54.58 million, a PE ratio of 13.57 and a beta of 0.64. The firm’s 50 day moving average is $5.34 and its 200 day moving average is $5.47. 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

An institutional investor recently raised its position in Alpha Pro Tech stock. Needham Investment Management LLC raised its holdings in shares of Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 612,500 shares of the company’s stock after acquiring an additional 2,500 shares during the quarter. Needham Investment Management LLC owned about 5.57% of Alpha Pro Tech worth $3,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.