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

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

Alpha Pro Tech Stock Performance

APT stock opened at $5.38 on Thursday. Alpha Pro Tech has a one year low of $4.64 and a one year high of $6.92. The company has a fifty day moving average of $5.35 and a 200-day moving average of $5.61. The stock has a market capitalization of $59.17 million, a PE ratio of 14.54 and a beta of -0.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Needham Investment Management LLC increased its position 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. Renaissance Technologies LLC boosted its stake in 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 buying an additional 8,316 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Alpha Pro Tech by 37.0% in the second quarter. Dimensional Fund Advisors LP now owns 125,018 shares of the company’s stock valued at $688,000 after purchasing an additional 33,782 shares during the period. Acadian Asset Management LLC raised its position in shares of Alpha Pro Tech by 32.9% in the 2nd quarter. Acadian Asset Management LLC now owns 159,825 shares of the company’s stock worth $877,000 after buying an additional 39,529 shares during the period. Finally, Inspire Advisors LLC acquired a new position in Alpha Pro Tech in the third quarter valued at $326,000. 22.69% of the stock is currently owned by institutional investors and hedge funds.

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.