Alpha Pro Tech (NYSE:APT) Research Coverage Started at StockNews.com

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

Alpha Pro Tech Stock Performance

Shares of Alpha Pro Tech stock opened at $5.34 on Tuesday. Alpha Pro Tech has a 52-week low of $4.64 and a 52-week high of $6.92. The stock has a market capitalization of $58.73 million, a price-to-earnings ratio of 14.43 and a beta of 0.64. The company has a fifty day moving average of $5.43 and a 200-day moving average of $5.55.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Alpha Pro Tech stock. Needham Investment Management LLC boosted its position in shares of Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 612,500 shares of the company’s stock after purchasing 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. 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.