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

by · The Cerbat Gem

StockNews.com started coverage on shares of Alpha Pro Tech (NYSE:APT – Free Report) in a research note released on Friday morning. The firm issued a buy rating on the stock.

Alpha Pro Tech Stock Up 1.8 %

Shares of APT stock opened at $5.77 on Friday. Alpha Pro Tech has a twelve month low of $4.64 and a twelve month high of $6.92. The stock’s fifty day simple moving average is $5.37 and its 200 day simple moving average is $5.63. The firm has a market capitalization of $63.46 million, a P/E ratio of 15.59 and a beta of -0.71.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Needham Investment Management LLC boosted 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 buying an additional 7,500 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Alpha Pro Tech by 1.3% during the second 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 lifted its holdings in shares of 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 purchasing an additional 33,782 shares during the period. Acadian Asset Management LLC grew its stake in shares of Alpha Pro Tech by 32.9% in 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. Finally, Inspire Advisors LLC acquired a new stake in Alpha Pro Tech in the third quarter valued at $326,000. Institutional investors and hedge funds own 22.69% of the company’s stock.

About Alpha Pro Tech

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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.

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