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

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

Alpha Pro Tech Price Performance

NYSE:APT opened at $5.35 on Friday. The firm has a market cap of $58.85 million, a price-to-earnings ratio of 14.46 and a beta of -0.71. The firm’s fifty day moving average price is $5.38 and its 200 day moving average price is $5.61. Alpha Pro Tech has a 1-year low of $4.64 and a 1-year high of $6.92.

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

Institutional Trading of Alpha Pro Tech

Several hedge funds have recently modified their holdings of APT. Dimensional Fund Advisors LP raised its position in Alpha Pro Tech by 37.0% in the second quarter. Dimensional Fund Advisors LP now owns 125,018 shares of the company’s stock worth $688,000 after acquiring an additional 33,782 shares in the last quarter. Inspire Advisors LLC acquired a new position in shares of Alpha Pro Tech during the 3rd quarter worth $326,000. Finally, Needham Investment Management LLC increased its holdings in shares of Alpha Pro Tech by 1.2% in the 3rd quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock valued at $3,477,000 after purchasing an additional 7,500 shares in the last quarter. 22.69% of the stock is owned by institutional investors and hedge funds.

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.