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

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

Alpha Pro Tech Trading Down 1.8 %

APT stock opened at $4.30 on Friday. The stock has a market capitalization of $46.75 million, a P/E ratio of 11.62 and a beta of 0.33. The firm has a 50-day moving average price of $5.20 and a 200-day moving average price of $5.40. Alpha Pro Tech has a 12 month low of $4.26 and a 12 month high of $6.91.

Hedge Funds Weigh In On Alpha Pro Tech

An institutional investor recently raised its position in Alpha Pro Tech stock. Needham Investment Management LLC lifted its position in shares of Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 612,500 shares of the company’s stock after buying an additional 2,500 shares during the quarter. Needham Investment Management LLC owned about 5.57% of Alpha Pro Tech worth $3,240,000 at the end of the most recent reporting period. 22.69% of the stock is currently owned by hedge funds and other 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.