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

Stock analysts at StockNews.com assumed coverage on shares of Alpha Pro Tech (NYSE:APT) in a research note issued on Wednesday. The brokerage set a “buy” rating on the stock.

Alpha Pro Tech Stock Down 4.3 %

Shares of Alpha Pro Tech stock opened at $5.08 on Wednesday. The firm’s 50 day moving average price is $5.43 and its 200-day moving average price is $5.52. Alpha Pro Tech has a 52-week low of $4.64 and a 52-week high of $6.92. The company has a market cap of $55.87 million, a P/E ratio of 13.73 and a beta of 0.64.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Alpha Pro Tech stock. Needham Investment Management LLC lifted its position in Alpha Pro Tech, Ltd. (NYSE:APT) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 612,500 shares of the company’s stock after buying an additional 2,500 shares during the period. Needham Investment Management LLC owned approximately 5.57% of Alpha Pro Tech worth $3,240,000 as of its most recent SEC filing. 22.69% of the stock is currently owned by hedge funds and other 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.