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

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

Alpha Pro Tech Price Performance

Shares of APT opened at $5.48 on Friday. Alpha Pro Tech has a 1-year low of $4.64 and a 1-year high of $6.92. The stock has a market cap of $60.28 million, a PE ratio of 14.81 and a beta of -0.64. The firm has a fifty day moving average price of $5.40 and a 200 day moving average price of $5.56.

Hedge Funds Weigh In On Alpha Pro Tech

A hedge fund recently raised its stake in Alpha Pro Tech stock. Needham Investment Management LLC increased its stake in Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 612,500 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Needham Investment Management LLC owned 5.57% of Alpha Pro Tech worth $3,240,000 at the end of the most recent quarter. Hedge funds and other 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.