Alpha Pro Tech (NYSE:APT) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Alpha Pro Tech (NYSE:APT) in a report issued on Friday. The brokerage set a “buy” rating on the stock.

Alpha Pro Tech Price Performance

Shares of NYSE APT opened at $5.67 on Friday. 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 $5.36 and its two-hundred day moving average is $5.63. The stock has a market capitalization of $62.36 million, a P/E ratio of 15.32 and a beta of -0.71.

Institutional Trading of Alpha Pro Tech

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APT. Acadian Asset Management LLC lifted its position in shares of 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 increased its stake in Alpha Pro Tech by 37.0% in 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 period. Renaissance Technologies LLC lifted its holdings in Alpha Pro Tech by 1.3% during the 2nd 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 purchased a new stake in Alpha Pro Tech in the 3rd quarter valued at about $326,000. Finally, Needham Investment Management LLC grew its stake in Alpha Pro Tech by 1.2% in the 3rd quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock worth $3,477,000 after acquiring an additional 7,500 shares in the last quarter. 22.69% of the stock is 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.