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

StockNews.com started coverage on shares of Alpha Pro Tech (NYSE:APT) in a research report released on Thursday. The firm issued a buy rating on the stock.

Alpha Pro Tech Stock Down 0.9%

APT stock opened at $4.46 on Thursday. Alpha Pro Tech has a 52 week low of $4.06 and a 52 week high of $6.44. The company has a fifty day simple moving average of $4.60 and a two-hundred day simple moving average of $5.11. The firm has a market capitalization of $48.45 million, a P/E ratio of 12.05 and a beta of 0.30.

Hedge Funds Weigh In On Alpha Pro Tech

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