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

Analysts at StockNews.com initiated coverage on shares of Alpha Pro Tech (NYSE:APT) in a report released on Friday. The firm set a “buy” rating on the stock.

Alpha Pro Tech Stock Performance

NYSE APT opened at $5.02 on Friday. The firm has a 50-day simple moving average of $5.29 and a 200 day simple moving average of $5.44. Alpha Pro Tech has a twelve month low of $4.64 and a twelve month high of $6.92. The stock has a market cap of $54.58 million, a PE ratio of 13.57 and a beta of 0.64.

Hedge Funds Weigh In On Alpha Pro Tech

A hedge fund recently raised its stake in Alpha Pro Tech stock. Needham Investment Management LLC increased its stake in Alpha Pro Tech, Ltd. (NYSE:APT) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 610,000 shares of the company’s stock after acquiring an additional 7,500 shares during the quarter. Needham Investment Management LLC owned 5.55% of Alpha Pro Tech worth $3,477,000 at the end of the most recent reporting period. 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.