Alpha Pro Tech (APT) Stock: Recent Gains Are Just The Beginning

Alpha Pro Tech APT Stock News

Alpha Pro Tech, Ltd. (NYSEAMERICAN: APT) is heading up in the market this morning, trading on gains of more than 5% early on and adding to the tremendous run that we’ve seen as of late. Let’s not forget, back in late January, the stock traded around $3.50. Today, the stock is up to more than $8.50 per share and peaked at over $25 per share since its days at the $3.50 mark. So, what’s the deal?

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APT Stock Will Continue Up As Long As Coronavirus Is Around

While COVID-19 is a serious and scary issue, it does have its beneficiaries and Alpha Pro Tech is one of them. As the virus continues to spread around the globe, consumers from one end of the world to the other are looking for ways to protect themselves. 

One of the best ways that we know how to do that is through the use of air-filtering face masks. Well, face masks just so happen to be the bread and butter for APT, and the company is seeing incredible gains in demand. 

Since January, we have seen a couple of press releases out of the company, and they have had to do with demand. The most recent announcement came on March 12, when the company announced that it had received more than $22 million in orders for its N95 face masks since late January. 

Considering that the company only does a fraction of that in average annual sales, this is great news. However, that doesn’t seem like it’s going to be the last announcement surrounding growth in demand. 

Recent Developments Continue To Bode Well For The Stock

Recently, we’ve seen quite a few announcements surrounding face masks and personal protective gear, and it couldn’t get better for APT. In fact, in the United States, the Trump Administration made it illegal to hoard personal protective gear as demand among hospitals and others in the medical community skyrockets. 

We saw an interesting story break in Europe as well. In fact, the European Union is curbing exports of face masks and other medical protective gear outside of the bloc. The EU-wide export ban was designed with the goal of keeping sufficient supplies in the Union. In a statement, European Commission President Ursula von der Leyen, said the folllowing:

We need to protect our health workers, who are in the first line of defense against the virus.

While this paints a grim picture for the damage that will be caused by the coronavirus ahead, Alpha Pro Tech is in a great place to capitalize. As the company continues to ramp up production, and demand continues to grow, it only becomes more and more likely that we’re going to see gains out of the stock ahead. 

Moreover, considering that it has been about 2 weeks since our last update, we’re likely to see another update surrounding growth in demand relatively soon. Should this be the case, the stock is most likely going to see dramatic gains. 

The Bottom Line

The bottom line here is a simple one. The world is changing. The spread of COVID-19 is leading to consumers around the world hunkering down at home. Economies are crashing, schools that are still open will likely close soon, and the world is looking for ways to protect themselves. 

APT has the N95 face mask, likely one of the most effective forms of personal protective gear at its price point. As the pandemic continues to spread, demand for these face masks will likely continue to see significant growth, creating a tremendous opportunity for investors. 

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