Alpha Pro Tech (NYSE:APT) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Alpha Pro Tech (NYSE:APT) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday morning.

Alpha Pro Tech Stock Down 6.0 %

Shares of APT stock opened at $5.48 on Wednesday. The firm has a market capitalization of $64.06 million, a PE ratio of 15.22 and a beta of -0.72. The company has a 50 day moving average price of $5.49 and a 200-day moving average price of $5.59. Alpha Pro Tech has a 52 week low of $3.82 and a 52 week high of $6.92.

Alpha Pro Tech (NYSE:APT) last announced its earnings results on Wednesday, May 8th. The company reported $0.05 earnings per share for the quarter. The business had revenue of $13.48 million during the quarter. Alpha Pro Tech had a net margin of 6.92% and a return on equity of 6.86%.

Institutional Investors Weigh In On Alpha Pro Tech

A number of large investors have recently made changes to their positions in APT. Acadian Asset Management LLC lifted its stake in shares of Alpha Pro Tech by 893.0% in the 1st quarter. Acadian Asset Management LLC now owns 120,296 shares of the company’s stock worth $750,000 after purchasing an additional 108,181 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in Alpha Pro Tech by 226.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 90,015 shares of the company’s stock valued at $562,000 after buying an additional 62,437 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in Alpha Pro Tech in the first quarter worth approximately $91,000. Ritholtz Wealth Management purchased a new position in shares of Alpha Pro Tech during the 4th quarter worth $69,000. Finally, Linden Thomas Advisory Services LLC grew its position in shares of Alpha Pro Tech by 2.2% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 163,644 shares of the company’s stock valued at $900,000 after acquiring an additional 3,511 shares during the period. 22.69% of the stock is currently owned by institutional investors.

About Alpha Pro Tech

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.