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

StockNews.com began 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

NYSE APT opened at $4.38 on Friday. The business’s 50-day simple moving average is $5.22 and its 200-day simple moving average is $5.41. The firm has a market capitalization of $47.62 million, a P/E ratio of 11.84 and a beta of 0.33. Alpha Pro Tech has a 1-year low of $4.26 and a 1-year high of $6.91.

Hedge Funds Weigh In On Alpha Pro Tech

An institutional investor recently raised its position in Alpha Pro Tech stock. Needham Investment Management LLC boosted its stake in Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and 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 approximately 5.57% of Alpha Pro Tech worth $3,240,000 at the end of the most recent reporting period. 22.69% of the stock is currently owned by institutional investors.

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.