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

Stock analysts at StockNews.com initiated coverage on shares of Alpha Pro Tech (NYSE:APT) in a research report issued to clients and investors on Monday. The firm set a “buy” rating on the stock.

Alpha Pro Tech Stock Down 1.9 %

APT opened at $5.15 on Monday. The business has a fifty day moving average of $5.42 and a 200 day moving average of $5.57. Alpha Pro Tech has a 52-week low of $4.64 and a 52-week high of $6.92. The stock has a market cap of $56.64 million, a P/E ratio of 13.92 and a beta of -0.64.

Institutional Investors Weigh In On Alpha Pro Tech

An institutional investor recently raised its position in Alpha Pro Tech stock. Needham Investment Management LLC increased its stake in shares of Alpha Pro Tech, Ltd. (NYSE:APT) by 1.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 610,000 shares of the company’s stock after purchasing an additional 7,500 shares during the quarter. Needham Investment Management LLC owned approximately 5.55% of Alpha Pro Tech worth $3,477,000 as of its most recent SEC filing. 22.69% of the stock is currently owned by 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.