Alpha Pro Tech (NYSE:APT) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Alpha Pro Tech (NYSE:APT) in a report released on Friday. The firm set a “buy” rating on the stock.

Alpha Pro Tech Stock Down 3.1 %

NYSE APT opened at $5.02 on Friday. Alpha Pro Tech has a 52 week low of $4.64 and a 52 week high of $6.92. The business has a 50 day moving average price of $5.29 and a 200-day moving average price of $5.44. The company has a market cap of $54.58 million, a price-to-earnings ratio of 13.57 and a beta of 0.64.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Alpha Pro Tech stock. Needham Investment Management LLC boosted its holdings in Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 612,500 shares of the company’s stock after acquiring an additional 2,500 shares during the quarter. Needham Investment Management LLC owned 5.57% of Alpha Pro Tech worth $3,240,000 at the end of the most recent quarter. 22.69% of the stock is currently owned by institutional investors.

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.