Alpha Pro Tech (NYSE:APT) Earns Buy Rating from Analysts at StockNews.com

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

Alpha Pro Tech Stock Performance

NYSE:APT opened at $5.77 on Friday. Alpha Pro Tech has a fifty-two week low of $4.64 and a fifty-two week high of $6.92. The company has a market cap of $63.46 million, a price-to-earnings ratio of 15.59 and a beta of -0.71. The stock has a fifty day moving average price of $5.37 and a 200-day moving average price of $5.63.

Institutional Trading of Alpha Pro Tech

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC lifted its stake in Alpha Pro Tech by 32.9% during the second quarter. Acadian Asset Management LLC now owns 159,825 shares of the company’s stock worth $877,000 after purchasing an additional 39,529 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Alpha Pro Tech by 37.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 125,018 shares of the company’s stock worth $688,000 after buying an additional 33,782 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Alpha Pro Tech by 1.3% in the second quarter. Renaissance Technologies LLC now owns 632,375 shares of the company’s stock valued at $3,478,000 after buying an additional 8,316 shares in the last quarter. Inspire Advisors LLC acquired a new stake in Alpha Pro Tech in the third quarter valued at about $326,000. Finally, Needham Investment Management LLC grew its position in Alpha Pro Tech by 1.2% in the third quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock valued at $3,477,000 after acquiring an additional 7,500 shares during the last quarter. Institutional investors 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.