StockNews.com assumed coverage on shares of Alpha Pro Tech (NYSE:APT - Free Report) in a research note published on Thursday morning. The brokerage issued a buy rating on the stock.
Alpha Pro Tech Stock Performance
APT stock traded up $0.09 during trading on Thursday, hitting $5.38. 25,692 shares of the company's stock traded hands, compared to its average volume of 47,403. Alpha Pro Tech has a 52 week low of $4.64 and a 52 week high of $6.92. The stock has a market capitalization of $59.17 million, a price-to-earnings ratio of 14.54 and a beta of -0.73. The business has a fifty day simple moving average of $5.35 and a 200 day simple moving average of $5.61.
Institutional Investors Weigh In On Alpha Pro Tech
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Inspire Advisors LLC purchased a new stake in shares of Alpha Pro Tech in the third quarter worth approximately $326,000. Dimensional Fund Advisors LP increased its stake 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 worth $688,000 after purchasing an additional 33,782 shares during the period. 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. Needham Investment Management LLC boosted its stake in shares of Alpha Pro Tech by 1.2% during the third quarter. Needham Investment Management LLC now owns 610,000 shares of the company's stock valued at $3,477,000 after purchasing an additional 7,500 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Alpha Pro Tech by 1.3% in 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 last quarter. Hedge funds and other institutional investors 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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