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

StockNews.com initiated coverage on shares of Alpha Pro Tech (NYSE:APT) in a report issued on Thursday. The firm set a “buy” rating on the stock.

Alpha Pro Tech Trading Up 5.2 %

Shares of APT opened at $5.66 on Thursday. The company’s fifty day simple moving average is $5.35 and its 200 day simple moving average is $5.61. Alpha Pro Tech has a 1-year low of $4.64 and a 1-year high of $6.92. The company has a market cap of $62.25 million, a price-to-earnings ratio of 15.30 and a beta of -0.73.

Institutional Investors Weigh In On Alpha Pro Tech

Several hedge funds have recently added to or reduced their stakes in APT. Needham Investment Management LLC raised its position in shares of Alpha Pro Tech by 1.2% in the third quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock valued at $3,477,000 after purchasing an additional 7,500 shares during the period. Renaissance Technologies LLC raised its holdings in Alpha Pro Tech by 1.3% in the 2nd quarter. Renaissance Technologies LLC now owns 632,375 shares of the company’s stock valued at $3,478,000 after acquiring an additional 8,316 shares during the period. Dimensional Fund Advisors LP raised its holdings in Alpha Pro Tech by 37.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 125,018 shares of the company’s stock valued at $688,000 after acquiring an additional 33,782 shares during the period. Acadian Asset Management LLC lifted its position in Alpha Pro Tech by 32.9% during the second quarter. Acadian Asset Management LLC now owns 159,825 shares of the company’s stock worth $877,000 after acquiring an additional 39,529 shares during the last quarter. Finally, Inspire Advisors LLC bought a new stake in shares of Alpha Pro Tech during the third quarter worth approximately $326,000. 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.