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

Equities research analysts at StockNews.com initiated coverage on shares of Alpha Pro Tech (NYSE:APT) in a research report issued on Saturday. The brokerage set a “buy” rating on the stock.

Alpha Pro Tech Price Performance

Alpha Pro Tech stock opened at $4.38 on Friday. Alpha Pro Tech has a 12-month low of $4.26 and a 12-month high of $6.91. The company has a market capitalization of $47.62 million, a price-to-earnings ratio of 11.84 and a beta of 0.33. The firm’s fifty day moving average price is $5.22 and its 200 day moving average price is $5.41.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Alpha Pro Tech stock. Needham Investment Management LLC raised its holdings in Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% during the fourth quarter, according to the company in its most recent 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 period. Needham Investment Management LLC owned about 5.57% of Alpha Pro Tech worth $3,240,000 as of its most recent SEC filing. 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.