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

StockNews.com began coverage on shares of Alpha Pro Tech (NYSE:APT) in a research report sent to investors on Thursday. The firm issued a buy rating on the stock.

Alpha Pro Tech Stock Down 1.2 %

Shares of NYSE APT opened at $5.08 on Thursday. 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 simple moving average of $5.35 and a two-hundred day simple moving average of $5.48. The company has a market cap of $55.23 million, a P/E ratio of 13.73 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 stake in Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 612,500 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Needham Investment Management LLC owned approximately 5.57% of Alpha Pro Tech worth $3,240,000 as of its most recent filing with the Securities & Exchange Commission. 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.