Alpha Pro Tech (APT) Stock Climbs As PPE Demand Continues Growing

Alpha Pro Tech APT Stock News

Alpha Pro Tech, Ltd. (NYSEAMERICAN: APT) is trading on gains of more than 15% early this morning. The gains come after the company announced that demand for its face masks and other personal protective equipment continues to rise. Here’s what’s going on:

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APT Stock Continues Skyward On Climbing Demand

While demand for products like gasoline, milk, and other products continues to fall off of a cliff, demand for personal protective gear only continues to climb in the face of COVID-19. That’s great news for Alpha Pro Tech.

In a press release issued early this morning, the company announced the most updated information with regard to order totals for its personal protective equipment.

In fact, the company said that since January 27, 2020, it has received about $36.7 million in orders for its N-95 face masks since January 27, 2020. This figure is 62% above the most recent update provided on March 11, 2020. Moreover, APT says that it continues to see increasing demand.

Importantly the company said that these orders are not just for the short term. In fact, about 20% of orders are for delivery fter the third quarter of 2020.

The company also said that it fulfilled about $3.7 million in orders in the first quarter and continues to ramp up production to meet current and ongoing demand.

It’s also worth mentioning that N-95 face masks aren’t the only product seeing increased demand at APT. In fact, Since January 27, the company received $11.6 million in orders for its face shield products.

Why Investors Are So Excited

In a time when global markets are in shock, awaiting the outcome of the COVID-19 pandemic, there are few stocks to hang onto. However, those with products designed to help in the fight against illness are in a good position, including Alpha Pro Tech.

The truth of the matter is that so far this year, the company has received far more orders than it would have in an average full year. That’s a big deal. In fact, the orders reported represent more than a quarter of the company’s market cap as demand continues to climb.

Considering this, the company is in a strong position to have the best year in its history. Also, considering the vast shortages of PPE, there’s a chance that demand will continue to be strong following the COVID-19 pandemic as hospitals, governmental bodies, and consumers stock up on this equipment due to fear of the next outbreak.

All in all, these are scary times for consumers. However, for APT stock, everything that’s happening right now is creating a valuable opportunity.

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