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

StockNews.com initiated coverage on shares of Alpha Pro Tech (NYSE:APT) in a research note issued to investors on Saturday. The brokerage issued a buy rating on the stock.

Alpha Pro Tech Stock Down 6.8 %

NYSE APT opened at $4.38 on Friday. The firm has a 50-day moving average price of $5.22 and a two-hundred day moving average price of $5.42. Alpha Pro Tech has a 12-month low of $4.26 and a 12-month high of $6.91. The company has a market capitalization of $47.62 million, a P/E ratio of 11.84 and a beta of 0.33.

Hedge Funds Weigh In On Alpha Pro Tech

An institutional investor recently raised its position in Alpha Pro Tech stock. Needham Investment Management LLC increased its stake in Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 612,500 shares of the company’s stock after purchasing an additional 2,500 shares during the period. Needham Investment Management LLC owned approximately 5.57% of Alpha Pro Tech worth $3,240,000 as of its most recent filing with the SEC. 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.