StockNews.com Begins Coverage on Alpha Pro Tech (NYSE:APT)

StockNews.com began coverage on shares of Alpha Pro Tech (NYSE:APT) in a research report released on Wednesday morning. The brokerage issued a buy rating on the stock.

Alpha Pro Tech Trading Up 0.9 %

APT stock opened at $4.68 on Wednesday. Alpha Pro Tech has a 1-year low of $4.06 and a 1-year high of $6.44. The business’s 50 day simple moving average is $4.68 and its 200 day simple moving average is $5.16. The firm has a market capitalization of $50.84 million, a PE ratio of 12.65 and a beta of 0.30.

Institutional Investors Weigh In On Alpha Pro Tech

An institutional investor recently raised its position in Alpha Pro Tech stock. Linden Thomas Advisory Services LLC increased its position in shares of Alpha Pro Tech, Ltd. (NYSE:APT) by 17.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 187,610 shares of the company’s stock after purchasing an additional 27,457 shares during the period. Linden Thomas Advisory Services LLC owned approximately 1.73% of Alpha Pro Tech worth $938,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other 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.