Alpha Pro Tech (NYSE:APT) Coverage Initiated by Analysts at StockNews.com

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

Alpha Pro Tech Stock Performance

Shares of NYSE:APT opened at $5.77 on Friday. The business has a 50-day simple moving average of $5.37 and a two-hundred day simple moving average of $5.63. The firm has a market cap of $63.46 million, a price-to-earnings ratio of 15.59 and a beta of -0.71. Alpha Pro Tech has a fifty-two week low of $4.64 and a fifty-two week high of $6.92.

Hedge Funds Weigh In On Alpha Pro Tech

A number of institutional investors and hedge funds have recently modified their holdings of APT. Needham Investment Management LLC lifted its holdings in Alpha Pro Tech by 1.2% in the third quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock valued at $3,477,000 after acquiring an additional 7,500 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Alpha Pro Tech by 1.3% in the 2nd quarter. Renaissance Technologies LLC now owns 632,375 shares of the company’s stock worth $3,478,000 after purchasing an additional 8,316 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Alpha Pro Tech by 37.0% in the second 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 last quarter. Acadian Asset Management LLC grew its position in Alpha Pro Tech by 32.9% during the second quarter. Acadian Asset Management LLC now owns 159,825 shares of the company’s stock valued at $877,000 after buying an additional 39,529 shares during the period. Finally, Inspire Advisors LLC purchased a new stake in Alpha Pro Tech during the third quarter valued at approximately $326,000. 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.