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

Equities research analysts at StockNews.com began coverage on shares of Alpha Pro Tech (NYSE:APT) in a note issued to investors on Sunday. The firm set a “buy” rating on the stock.

Alpha Pro Tech Stock Performance

NYSE:APT opened at $5.36 on Friday. The stock’s fifty day moving average price is $5.40 and its two-hundred day moving average price is $5.57. Alpha Pro Tech has a 52-week low of $4.64 and a 52-week high of $6.92. The company has a market cap of $58.96 million, a price-to-earnings ratio of 14.49 and a beta of -0.64.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Alpha Pro Tech stock. Inspire Advisors LLC acquired a new position in shares of Alpha Pro Tech, Ltd. (NYSE:APT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 57,273 shares of the company’s stock, valued at approximately $326,000. Inspire Advisors LLC owned 0.49% of Alpha Pro Tech at the end of the most recent quarter. Institutional investors and hedge funds 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.