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

StockNews.com started coverage on shares of Alpha Pro Tech (NYSE:APT – Get Rating) in a research report report published on Monday morning. The brokerage issued a buy rating on the stock.

Alpha Pro Tech Stock Performance

APT opened at $3.76 on Monday. The company has a 50-day moving average of $4.05 and a 200-day moving average of $4.09. The company has a market capitalization of $45.83 million, a P/E ratio of 19.79 and a beta of -0.77. Alpha Pro Tech has a 1-year low of $3.75 and a 1-year high of $4.99.

Alpha Pro Tech (NYSE:APT – Get Rating) last released its earnings results on Thursday, March 16th. The company reported $0.05 earnings per share for the quarter. The company had revenue of $12.23 million during the quarter. Alpha Pro Tech had a net margin of 3.98% and a return on equity of 3.73%.

Institutional Investors Weigh In On Alpha Pro Tech

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its holdings in shares of Alpha Pro Tech by 6.4% in the 1st quarter. Renaissance Technologies LLC now owns 650,063 shares of the company’s stock valued at $2,730,000 after buying an additional 38,900 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Alpha Pro Tech by 10.1% in the 1st quarter. Vanguard Group Inc. now owns 579,446 shares of the company’s stock valued at $2,434,000 after buying an additional 53,003 shares during the period. State Street Corp boosted its holdings in shares of Alpha Pro Tech by 7.5% in the 1st quarter. State Street Corp now owns 50,028 shares of the company’s stock valued at $210,000 after buying an additional 3,487 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Alpha Pro Tech by 154.4% in the 1st quarter. Acadian Asset Management LLC now owns 35,319 shares of the company’s stock valued at $146,000 after buying an additional 21,435 shares during the period. Finally, PDT Partners LLC boosted its holdings in shares of Alpha Pro Tech by 48.7% in the 2nd quarter. PDT Partners LLC now owns 20,918 shares of the company’s stock valued at $93,000 after buying an additional 6,850 shares during the period. Institutional investors own 19.55% of the company’s stock.

About Alpha Pro Tech

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Alpha Pro Tech Ltd. engages in the business of protecting people, products and environment. It develops, manufactures and markets disposable and limited use protective apparel products for the industries, clean room, medical and dental markets. The company operates through the Disposable Protective Apparel and Building Supply segments.