Alpha Pro Tech (NYSE:APT) Earns Buy Rating from Analysts at StockNews.com

StockNews.com assumed 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 $5.42 on Thursday. The firm has a market capitalization of $59.62 million, a PE ratio of 14.65 and a beta of -0.71. 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 price is $5.38 and its 200-day moving average price is $5.62.

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 business had revenue of $14.25 million for the quarter.

Hedge Funds Weigh In On Alpha Pro Tech

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Needham Investment Management LLC increased its holdings in Alpha Pro Tech by 1.2% during the 3rd quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock worth $3,477,000 after purchasing an additional 7,500 shares in the last quarter. Inspire Advisors LLC acquired a new stake in shares of Alpha Pro Tech in the third quarter valued at approximately $326,000. Renaissance Technologies LLC lifted its stake in shares of Alpha Pro Tech by 1.3% during the 2nd quarter. Renaissance Technologies LLC now owns 632,375 shares of the company’s stock worth $3,478,000 after buying an additional 8,316 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Alpha Pro Tech by 37.0% during the second quarter. Dimensional Fund Advisors LP now owns 125,018 shares of the company’s stock worth $688,000 after acquiring an additional 33,782 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.