Alpha Pro Tech (NYSE:APT) Coverage Initiated at StockNews.com

Analysts at StockNews.com started coverage on shares of Alpha Pro Tech (NYSE:APT) in a note issued to investors on Tuesday. The firm set a “buy” rating on the stock.

Alpha Pro Tech Price Performance

Shares of Alpha Pro Tech stock opened at $4.38 on Tuesday. The firm has a market cap of $47.62 million, a price-to-earnings ratio of 11.84 and a beta of 0.33. Alpha Pro Tech has a 52-week low of $4.06 and a 52-week high of $6.44. The stock has a 50-day simple moving average of $4.78 and a 200-day simple moving average of $5.23.

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 boosted its holdings in Alpha Pro Tech, Ltd. (NYSE:APT) by 17.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 187,610 shares of the company’s stock after buying 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 SEC filing. Institutional investors and hedge funds 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.