StockNews.com began coverage on shares of Alpha Pro Tech (NYSE:APT - Get Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a "buy" rating on the stock.
Alpha Pro Tech Price Performance
Shares of NYSE APT traded down $0.02 during midday trading on Friday, reaching $5.38. 13,278 shares of the company traded hands, compared to its average volume of 30,066. Alpha Pro Tech has a 52 week low of $4.64 and a 52 week high of $6.92. The stock has a 50-day moving average price of $5.39 and a 200 day moving average price of $5.58. The company has a market cap of $59.18 million, a price-to-earnings ratio of 14.54 and a beta of -0.64.
Institutional Investors Weigh In On Alpha Pro Tech
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Needham Investment Management LLC boosted its stake 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 worth $3,477,000 after purchasing an additional 7,500 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 in the last quarter. Finally, Inspire Advisors LLC acquired a new position in Alpha Pro Tech in the third quarter worth $326,000. 22.69% of the stock is currently owned by institutional investors and hedge funds.
About Alpha Pro Tech
(
Get Free Report)
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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