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

StockNews.com began coverage on shares of Alpha Pro Tech (NYSE:APT) in a report issued on Friday morning. The brokerage issued a buy rating on the stock.

Alpha Pro Tech Trading Down 3.1 %

Alpha Pro Tech stock opened at $5.02 on Friday. The stock has a 50 day moving average of $5.29 and a two-hundred day moving average of $5.45. Alpha Pro Tech has a twelve month low of $4.64 and a twelve month high of $6.92. The stock has a market capitalization of $54.58 million, a price-to-earnings ratio of 13.57 and a beta of 0.64.

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 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 610,000 shares of the company’s stock after acquiring an additional 7,500 shares during the quarter. Needham Investment Management LLC owned 5.55% of Alpha Pro Tech worth $3,477,000 at the end of the most recent quarter. Institutional investors own 22.69% of the company’s stock.

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.