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

Investment analysts at StockNews.com started 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 Price Performance

NYSE:APT opened at $4.25 on Monday. The stock’s 50-day moving average is $4.91 and its two-hundred day moving average is $5.28. The stock has a market cap of $46.21 million, a PE ratio of 11.49 and a beta of 0.33. Alpha Pro Tech has a fifty-two week low of $4.06 and a fifty-two week high of $6.44.

Hedge Funds Weigh In On Alpha Pro Tech

An institutional investor recently raised its position in Alpha Pro Tech stock. Needham Investment Management LLC raised its position in shares of Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 612,500 shares of the company’s stock after purchasing an additional 2,500 shares during the period. Needham Investment Management LLC owned 5.57% of Alpha Pro Tech worth $3,240,000 as of its most recent SEC filing. 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.