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

StockNews.com began coverage on shares of Alpha Pro Tech (NYSE:APT) in a research note published on Thursday morning. The brokerage issued a buy rating on the stock.

Alpha Pro Tech Price Performance

Shares of NYSE:APT opened at $5.40 on Thursday. The company has a market capitalization of $59.40 million, a P/E ratio of 14.59 and a beta of -0.71. Alpha Pro Tech has a 1-year low of $4.64 and a 1-year high of $6.92. The firm’s 50 day simple moving average is $5.37 and its two-hundred day simple moving average is $5.63.

Alpha Pro Tech (NYSE:APT) last released its earnings results on Wednesday, November 6th. The company reported $0.08 earnings per share for the quarter. Alpha Pro Tech had a net margin of 6.99% and a return on equity of 6.70%. The company had revenue of $14.25 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Needham Investment Management LLC grew its holdings in Alpha Pro Tech by 1.2% during the 3rd quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock valued at $3,477,000 after buying an additional 7,500 shares in the last quarter. Renaissance Technologies LLC grew its stake in Alpha Pro Tech by 1.3% during the second quarter. Renaissance Technologies LLC now owns 632,375 shares of the company’s stock valued at $3,478,000 after acquiring an additional 8,316 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Alpha Pro Tech by 37.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 125,018 shares of the company’s stock valued at $688,000 after acquiring an additional 33,782 shares during the last quarter. Finally, Inspire Advisors LLC bought a new stake in Alpha Pro Tech in the 3rd quarter valued at $326,000. 22.69% of the stock is owned by hedge funds and other 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.