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

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

Alpha Pro Tech Price Performance

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

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 return on equity of 6.70% and a net margin of 6.99%. The firm had revenue of $14.25 million for the quarter.

Institutional Investors Weigh In On Alpha Pro Tech

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in Alpha Pro Tech by 37.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 125,018 shares of the company’s stock valued at $688,000 after purchasing an additional 33,782 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of 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 buying an additional 8,316 shares during the period. Inspire Advisors LLC bought a new position in shares of Alpha Pro Tech during the third quarter valued at approximately $326,000. Finally, Needham Investment Management LLC grew its stake in shares of Alpha Pro Tech by 1.2% during the third 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 during the last quarter. Institutional investors own 22.69% of the company’s stock.

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.