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

StockNews.com assumed coverage on shares of Alpha Pro Tech (NYSE:APT) in a research report sent to investors on Wednesday morning. The firm issued a buy rating on the stock.

Alpha Pro Tech Trading Up 0.6 %

Shares of NYSE:APT opened at $5.15 on Wednesday. Alpha Pro Tech has a 1 year low of $4.64 and a 1 year high of $6.92. The business has a fifty day simple moving average of $5.41 and a 200 day simple moving average of $5.50. The firm has a market cap of $56.64 million, a price-to-earnings ratio of 13.92 and a beta of 0.64.

Hedge Funds Weigh In On Alpha Pro Tech

An institutional investor recently raised its position in Alpha Pro Tech stock. Needham Investment Management LLC grew its holdings in Alpha Pro Tech, Ltd. (NYSE:APT) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 610,000 shares of the company’s stock after purchasing an additional 7,500 shares during the quarter. Needham Investment Management LLC owned about 5.55% of Alpha Pro Tech worth $3,477,000 as of its most recent filing with the SEC. Institutional investors and hedge funds 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.