12.07 -1.25 (-9.38%)
Pre-Market: 7:48AM EDT
|Bid||12.30 x 800|
|Ask||13.30 x 1200|
|Day's Range||12.31 - 14.40|
|52 Week Range||3.20 - 41.59|
|Beta (5Y Monthly)||-2.13|
|PE Ratio (TTM)||58.42|
|Earnings Date||May 03, 2020 - May 07, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.50|
Of late the Alpha Pro Tech (NYSEMKT:APT) share price has softened like an ice cream in the sun, melting a full 47...
The EU is curbing exports of medical protective gear outside the bloc, as Italy, Spain, Germany and France see coronavirus cases surge.
Benzinga Pro's Stocks To Watch For Thursday * Boeing (BA) \- Shares collapsed 18% on Wednesday, the stock's worst single trading session in almost 50 years. The company's market cap plunged by about $70 billion on Wednesday. Reports suggested Boeing will draw down all of a nearly $14 billion loan as a precaution and will freeze hiring. Additionally, the FAA said it did not approve the company's 737 MAX wiring bundles compliance proposal. The stock continued lower by another 14% on Thursday. JP Morgan downgraded the stock to Neutral. * Alpha Pro Tech (APT) \- The company gave an update on sales of its N-95 facemask: between Jan. 27 and Mar. 11, the company booked $22.6 million in orders. Alpha Pro Tech said it will fulfill about $4 million of currently booked orders in Q1 and the remaining $18.6 million in early Q3. The stock was up 40%. * Uber Technologies (UBER) \- The stock was down 11% in pre-market action as fears about the company's ride-share business amid the coronavirus outbreak weighed. Reports Wednesday suggested workers of Uber and Lyft were demanding paid sick leave. Another report suggested the company could suspend accounts of drivers and passengers who have been confirmed with coronavirus infection. * Blue Apron (APRN) \- Shares rallied on Wednesday, up 12%, as investors likely considered the implications of Americans being indoors for potentially the next couple weeks. As a provider of delivered food to consumers at home, Blue Apron is being considered a potential beneficiary to the coronavirus outbreak. * CHF Solutions (CHFS) \- Shares of this penny stock were indicated sharply higher in pre-market action, up 82% to around $0.57. The Benzinga Pro Newsdesk did not see company-specific news to justify the move higher but should be noted the company is a medical device manufacturer. Its Aquadex FlexFlow system is indicated for temporary ultrafiltration treatment of patients with fluid overload who have failed diuretic therapy.See more from Benzinga * Benzinga Pro's Top 5 Stocks To Watch For Mon., Mar. 9, 2020: XOM, GLD, BA, TSLA, SPEX * Benzinga Pro's Top 6 Stocks To Watch For Tues., Mar. 3, 2020: TGT, BYND, UBER, NOVN, QRVO, HTBX * Benzinga Pro's Top 5 Stocks To Watch For Thurs., Feb. 27, 2020: MSFT, JCP, APT, BBY, TNXP(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
NOGALES, Ariz., March 12, 2020 -- Alpha Pro Tech, Ltd. (NYSE American: APT), a leading manufacturer of products designed to protect people, products and environments, including.
It's really great to see that even after a strong run, Alpha Pro Tech (NYSEMKT:APT) shares have been powering on, with...
3M (NYSE:MMM) has quickly become another "blood in the street" opportunity.Source: Nor Gal / Shutterstock.com After plummeting from a high of $180 a share to a low of $144.44, the stock offers sizable opportunity.For one, 3M is aggressively oversold at double bottom support dating back to Oct. 2020. Two, President Donald Trump is about to light a fire under the stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Stocks to Buy If People Get Stuck at Home At the moment, I strongly believe MMM stock could refill its bearish gap around $180 shortly. Coronavirus Creating Monster Opportunity for 3MJust this week, Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Disease, as quoted by The New York Post, said the coronavirus has risen to a level of "outbreak," even a "pandemic.""We're dealing with clearly an emerging infectious disease that is now reached outbreak proportions and likely pandemic proportions," said Dr. Fauci. "If you look at, you know, by multiple definitions of what a pandemic is, the fact is this is multiple sustained transmissions of a highly infectious agent in multiple regions of the globe."Of course, news like this only induces panic. However, for investors, it also creates opportunity. Trump Could Send $1 Billion in Sales to 3MIt creates big opportunity, which is especially true for face mask companies after the U.S. Health and Human Services says the U.S. only has 10% of face masks needed for a full-blown virus pandemic. They estimate the U.S. would need at least 3.5 billion medical-grade N95 masks.Better, the Trump Administration has plans to source millions of masks from 3M to help combat the virus threat. If so, that could generate up to $1 billion in sales for the company. Vice President Mike Pence said in a press conference:We're going to make sure and protect the health of our healthcare providers. As the President said, we have more than 40 million masks available today. We've contracted now with 3M. Thirty-five million more masks per month will be produced, and we're also going to be working with other manufacturers.For 3M, it's not all about face masks, though. It's also ramping up global production for respirators and other safety products, "as quickly as possible," noted the company. "In China and around the world, 3M is working with customers, distributors, government and medical officials to help get supplies where they are most needed. 3M is also closely monitoring and responding to any potential impact."Granted, 3M isn't the only game in town. Alpha Pro Tech (NYSE:APT) has also benefited from the demand for face masks. With regards to 3M, though, "The simple reality is that 3M is one of only a handful of S&P names that sells a necessary product in virus containment," according to a Melius Research report. "This is being ignored by the market."Melius Research also upgraded the stock to a "buy" from a "hold" rating. The Bottom Line on 3M StockThe biggest catalyst for 3M is the coronavirus story.With the virus spreading rapidly throughout the global community and a severe shortage of face masks, 3M could be one of the biggest beneficiary of the demand boom. Currently at double bottom support, I strongly believe 3M will refill its gap at $180 shortly.Ian Cooper, an InvestorPlace.com contributor, has been analyzing stocks and options for web-based advisories since 1999. As of this writing, Ian Cooper did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Stocks to Buy If People Get Stuck at Home * 7 Strong Value Stocks to Buy for 2020 * 5 High-Yield Dividend Stocks With Great Buyback Programs The post 3M Stock Could See a Billion-Dollar Boost from Trump appeared first on InvestorPlace.
The coronavirus from China has ravaged many stocks, but a handful of companies are actually set to benefit from this unfortunate viral outbreak. Alpha Pro Tech (NYSEMKT:APT) stock is among that handful of beneficiaries as the company "develops, manufactures, and markets innovative disposable protective apparel and infection control products in the United States and internationally."Source: Pavel Kapysh / Shutterstock.com It's not a new company, as it's been around since 1989. But few people covered Alpha Pro Tech until the demand for protective face masks became an issue with the spread of Covid-19.Suddenly protective-gear stocks are hot, and this one in particular has the potential for strong returns as the outbreak is proving difficult to contain.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Responding to the DemandI hate to say that Alpha Pro Tech investors have capitalized on this tragic viral outbreak, but the price action tells a story that's unmistakable. By late February, it was evident that the coronavirus wasn't just going to go away. Officials keep confirming new cases in the U.S. This resulted in Alpha Pro Tech shares, which had previously traded near $5, to rocket up to $37. * 10 Stocks That Every 20-Year-Old Should Buy Obviously, people were seeking protection from the virus and face masks were in demand. Enterprising traders sought to take advantage of this through Alpha Pro Tech shares. Profit-taking set in soon afterwards, though, and the stock price quickly headed down toward $16.That price pullback isn't a bad thing, however. It presents an opportunity to take a position or to add shares to one's portfolio. For one thing, investors need to realize that Alpha Pro Tech was among the first responders to the international expansion of the Covid-19 outbreak.On Feb. 3, CEO Lloyd Hoffman announced a ramp-up in production of the company's N-95 Particulate Respirator face masks as well as other essential protective products:"In addition to N-95 face masks, demand for face shields and other personal protective equipment (PPE) products is increasing. The company is monitoring inventory levels across our full line of PPE products and will take appropriate steps to increase production to respond to consumer demand." Designed for ProtectionBut, of course, the strongest demand will be for face masks. The media constantly shows pictures and videos of people in China wearing face masks. So, investors will likely continue to assume that this market is the best investment in the protective-gear niche.An important message for not only investors, but the population at large, is that not all face masks are ideal for protection against the Covid-19 virus. Alpha Pro Tech is committed to manufacturing face masks that specifically protect against airborne infections. These N-95 masks are also fully compliant with regulatory standards. That's something you can't necessarily say about other masks.The company explains what makes its most popular line of face masks superior as well as why it's called the "N-95":"The Alpha Pro Tech N-95 Particulate Respirator face mask's unique flat-fold design features a Positive Facial Lock (PFL) and meets the Centers for Disease Control and Prevention's (CDC) and National Institute for Occupational Safety and Health's (NIOSH) recommended protection levels for many airborne contaminants. The N-95 face mask filters at least 95% of airborne particles."Investors and the protection-seeking population should seek quality over quantity. Therefore, they should consider Alpha Pro Tech as the company's face masks are high quality and specifically designed for protection.I expect the pace of orders for the N-95 face mask to continue to increase. Both businesses and citizens will want the strongest protection from the airborne coronavirus. We can already see the trajectory of the demand.By Feb. 13, Alpha Pro Tech had already fielded over $10.4 million worth of orders for the N-95 face masks since Jan. 27. And that figure had increased to $14.1 million by Feb. 27. The Final Word on APT StockAlpha Pro Tech was not only among the first responders to the spread of the coronavirus, but is meeting the strong demand for face masks. Its product sets the standard for quality, compliance and protection from this devastating disease.David Moadel has provided compelling content -- and crossed the occasional line -- on behalf of Crush the Street, Market Realist, TalkMarkets, Finom Group, Benzinga and (of course) InvestorPlace.com. He also serves as the chief analyst and market researcher for Portfolio Wealth Global and hosts the popular financial YouTube channel Looking at the Markets. As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Check Out These 7 Fast-Growing Stocks to Buy Today * 10 Stocks That Every 20-Year-Old Should Buy * 7 Losers To Buy Today For Big Wins Tomorrow The post Hold Alpha Pro Tech Stock as Face Mask Demand Soars appeared first on InvestorPlace.
(Bloomberg) -- Alpha Pro Tech Ltd.’s head of Investor Relations -- the widow of a former chairman -- took advantage of the company’s more than 400% surge this year to sell $13.6 million in stock.Donna Millar, who has been a board member since 2017, the same year her late husband and Alpha-Pro co-founder died, sold more than 350,000 shares on Feb. 28, according to a regulatory filing. Even after the sale, Millar remains the company’s largest holder with more than 1.2 million shares, the filings show, worth $24 million based on Tuesday’s close.The health care supply company, which sells face masks among other medical products, has seen its stock price soar as investors piled into companies that make gear that’s designed to help guard against the spread of infectious disease like Covid-19. While shares are up more than 350% in the past year, they’ve also been volatile lately, ranging between $3.20 and $41.59 since early December.Millar was not the only member of Alpha Pro Tech management to take advantage of the rocketing share price. Four other members of the board of directors exercised options and sold millions in shares, filings show. Chief Executive Lloyd Hoffman sold $7.76 million in shares, according to filings, bringing his total holding to just 1,000 shares.Alpha Pro Tech shares sank as much as 15% in Wednesday’s trading after the news of management sales circulated. Neither an Alpha Pro Tech representative nor Millar were immediately available for comment.(Updates with share movement throughout, adds request for comment to company and Millar in fifth paragraph)To contact the reporter on this story: Bailey Lipschultz in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Scott SchnipperFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Wall Street tumbled in a volatile session on Tuesday after the U.S. Federal Reserve surprised investors with a half percentage-point cut in interest rates, amplifying fears about the magnitude of the coronavirus' impact on the economy. All three major U.S. stock market indexes closed nearly 3% lower after the Fed's first emergency rate cut since the 2008 financial crisis. The rate reduction underscored the U.S. central bank's concern about the new coronavirus, which has spread around the world after emerging late last year in China.
Wall Street tumbled in a volatile session on Tuesday after the Federal Reserve surprised investors with a half percentage-point cut in interest rates, amplifying fears about the magnitude of the coronavirus' impact on the economy. All three major U.S. stock market indexes dropped more than 3% after the Fed's first emergency rate cut since the 2008 financial crisis. The rate reduction underscored the Fed's concern about the coronavirus that has spread around the world after emerging late last year in China.
Global markets have suffered their worst slump since the 2008 financial crisis as fear grows over the impact of the coronavirus outbreak. As the spread of the COVID-19 virus continues to evolve, many travelers have been reconsidering their plans and the best way to prepare and protect themselves from exposure to the virus.In reaction to this, many airline, casino and hotel stocks have taken a huge hit.With many people staying home, either out of self-imposed quarantines or because of government requirements, sales at movie theaters, retail stores and restaurants are poised to suffer.Casino Operators In Macau, the Chinese territory and the world's biggest gambling hub, casino operators closed for two weeks in February to help curb the spread of the virus.Wynn Resorts, Ltd. (NASDAQ: WYNN) shares were down slightly at $107.94 at the close Monday. Melco Resorts & Entertainment Ltd. (NASDAQ: MLCO) shares were down 1.15% at $17.14. MGM Resorts International (NYSE: MGM) shares gained 2%, ending the session at $25.05. Cruise Liners The Carnival Cruise (NYSE: CCL)-owned Diamond Princess was placed in quarantine for two weeks upon arrival in Yokohama, Japan Feb. 3 after a man who disembarked in Hong Kong was diagnosed with the virus. The shares of a number cruise companies have also been trading lower as the COVID-19 spread continues to negatively impact travel stocks.Carnival shares were down 1.2% at $33.06 at the close Monday. Royal Caribbean Cruises (NYSE: RCL) shares were up 0.09% at $80.48 at the close Monday. The stock has a 52-week high of $133.60 and a 52-week low of $89.48.Norwegian Cruise Line (NASDAQ: NCLH) shares were down 4.48% at $35.59 on Monday.The stock has a 52-week high of $59.71 and a 52-week low of $39.36.Medical Devices A number of medical device stocks are benefitting from the outbreak.Co-Diagnostics, Inc. (NASDAQ: CODX) shares ended Monday's session 34.62% higher at $17.81 after the company announced it will provide COVID-19 tests to U.S. Clinical Laboratory Improvement Amendments, or CLIA, labs.Alpha Pro Tech, Ltd. (NYSE: APT) manufactures masks and protective apparel, goods that are already in high demand in China. Bulk orders are expected as the disease progresses.The stock traded sharply higher after the company said Feb. 27 it expects to fulfill the remainder of $14.1 million in booked orders for face masks by the end of the second quarter as demand rises due to the COVID-19 virus spreading in the second quarter.Global Corporations Apple Inc. (NASDAQ: AAPL), Facebook, Inc. (NASDAQ: FB), Microsoft Corporation (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN) and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) have collectively lost $238 billion in market cap, CNBC reported Feb. 27. The companies are the five most valuable in the U.S. by market cap. Coca-Cola Co (NYSE: KO) reaffirmed its full-year 2020 guidance Feb. 21 and estimated the impact the coronavirus outbreak will have on its first quarter.The company said it has enacted precautionary measures for employees in China such as providing face masks and hand sanitizers, installing temperature screening at its facilities and setting up health monitoring systems across its Chinese operations.Lululemon Athletica Inc (NASDAQ: LULU) Most of the athleisure retailer's 38 stores in China have been closed since Feb. 3 and some are reopened on a reduced schedule, Luluemon said in a Feb. 21 press release. The company's online business has continued to operate.Commodities Plunge The prices of almost all commodities plunged amid fears the coronavirus is morphing into a pandemic, with negative implications for global economic activity and commodities demand, said Caroline Bain, chief commodities economist at Capital Economics. "Prior to the virus outbreak, we had expected a gradual pick-up in global growth to support most commodities prices. This week, we revised our metals forecasts to reflect our more bearish view on the outlook for China," Bain said in a note. "In the next few weeks, as the global impact becomes clearer, we expect to revise our energy and precious metals forecasts."If OPEC+ decided to deepen output cuts at meetings scheduled for March 5-6, there could be some respite for oil prices, she said. "The chances of further output cuts have increased in the last week or so as the virus has spread rapidly outside China. That said, given the scale of risk aversion in financial markets, any OPEC+ action is more likely to stem further falls in oil prices rather than give them a lift."ETF Activity ETF short selling has been highly active in the last two weeks during the broader market slowdown, Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners, said in a note. "We track short selling activity in over 2,500 domestically traded ETFs with short interest of $161 billion," he said."Over the last two weeks we saw +$6.2 billion of additional net short selling in ETFs, an increase of just over +4.0%. The mega-shorts in the ETF sector held their spots in the ETF league tables, with the top seven most shorted ETFs holding onto their positions. But spots 8 to 20 saw a lot of movement as short sellers adjusted their hedges and looked for Alpha in different sectors."The largest increase in ETF short selling occurred in the SPDR S&P 500 ETF Trust (NYSE: SPY), as the biggest portfolio hedge got even bigger with $3.6 billion in short selling over the last two weeks, he said. The PowerShares QQQ Trust, Series 1 (NASDAQ: QQQ) and iShares Russell 2000 Index (NYSE: IWM) had $328 million in short covering as portfolio hedgers and short sellers seeking alpha looked toward the larger-cap S&P 500 instead of the tech-heavy Nasdaq and broader market Russell 2000, Dusaniwsky said. Related Links:Diagnosis: Volatility -- Every Coronavirus-Related Stock That Was Halted For Trading TodayAlpha Pro Tech Says Order For M Face Masks Will Be FulfilledPublic domain photo via Wikimedia. See more from Benzinga * Alpha Pro Tech Says Order For M Face Masks Will Be Fulfilled * Carnival Cruise Shares Higher Despite Growing Number Of Coronavirus Cases On Quarantined Ship * Wynn Resorts Reports Q4 Earnings Miss(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
(Bloomberg) -- Investors looking for returns despite a market rout driven by the coronavirus outbreak have jumped wholeheartedly into small-cap companies that make protective gear to stop the spread of infectious diseases, but so have the short-sellers.By Feb. 28, Allied Healthcare Products Inc., the maker of mass casualty ventilators and other medical products, had surged more than 1,800% this year as Covid-19 spread outside of China. Fears started stirring in the stock market in late January, and amped up substantially in the second half on February. Alpha Pro Tech Ltd. which sells face masks among other products, jumped more than 500% while Lakeland Industries Inc. almost doubled. All three stocks lost ground on Monday even as volatility continued to trigger trading halts in Alpha Pro Tech and Allied Healthcare.None of the three small-cap companies immediately responded to requests for comment.Neither Alpha Pro Tech nor Allied Healthcare has coverage from analysts tracked by Bloomberg, while Lakeland has one analyst who rates the stock a buy with a price target of $16, a few dollars below where the hazmat suitmaker is trading today.Short-sellers didn’t miss the surge either and bearish bets started accruing in late January. Short interest as a percentage of free float, which had been less than 1% in all three gear makers before Jan. 23, now ranges from 12% to 32% for the trio, according to data from S3 Partners.Alpha Pro Tech said last week it was ramping up production of a special face mask to protect against the virus, but it’s not the only company racing to meet soaring demand. S&P 500 heavyweight, DuPont de Nemours Inc.. told CNBC last month it was working overtime to meet the call for more gear. On Friday morning, the U.S. surgeon general issued a warning for citizens to stop buying face masks and stick to frequent hand washing as a means to stop the spread of the respiratory disease to prevent a shortage for health-care workers and sick patients.To contact the reporter on this story: Cristin Flanagan in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Lisa Wolfson, Richard RichtmyerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
What was really painful was that, after they both exited their downward halt and I had closed those positions, both stocks ripped back up, more than 150% in the case of CODX. It was an ugly day, but it shows that the market is in an unpredictable environment where normal physics might not always apply. Take my gap-and-go approach from Thursday, both APT and CODX were prime setups that were gapping up 40% to nearly 100% in premarket.
[Editor's Note: This article was updated on Feb. 28 to include the most relevant information.]More than $6 trillion of global market value has been wiped out all thanks to coronavirus fears and concerns it could significantly slow global growth.To date, the death toll is quickly nearing 3,000, with 83,000 cases around the world. We're now also seeing outbreaks in South Korea, Italy, Iran, Mexico, and Nigeria. In California, a patient who tested positive for the virus is now in serious condition and intubated.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe U.S. patient could be the first instance of "community spread," says CNN. That may suggest the virus is out there in the community and everyone may be at risk, regardless of travel history."We don't know who might be carrying it. We don't know who we can get it from," added Dr. Dean Blumberg, an infectious disease specialist at UC Davis Medical Center.Worse, the World Health Organization just warned the virus could reach most, "if not all" countries around the world.While some analysts have said that its time to buy the dip, others, like economist Mohamed El-Erian, strongly urge investors to resist the urge to buy. "I would say continue to resist, as hard as that is, to simply buy the dip because it has worked in the past," said El-Erian. * 10 Stocks to Buy for Your 10-Year-Old These coronavirus stocks have been standout winners in the chaos. Alpha Pro Tech (APT)The last time we weighed in on Alpha Pro Tech (NYSE:APT), it traded at $7.86. That was on Jan. 28. The stock opened at $37.23 one month later.This is the company that makes disposable face masks for the public, so you can guess why they've had such an astounding run lately.It could run even higher, in my opinion, as demand explodes for protective gear worldwide. Plus, as a result of increased customer demand due to the outbreak of the Wuhan coronavirus (COVID-19), the company just announced it booked over $10.4 million in orders for APT's proprietary N-95 Particulate Respirator face mask. Co-Diagnostics (CODX)Source: Shutterstock Shares of Co-Diagnostics (NASDAQ:CODX) rallied from $4.42 to a high of $18.25 in recent days. The run-up came after the company received security clearance for its Logix Smart Coronavirus COVID-19 test.This is especially important after flawed tests raised uncertainty about how prepared the U.S. is to even detect the virus.Reportedly, it'll be immediately available for export from the U.S. for rapid testing. If successful with its test, this $458 million company could double, if not triple, in my opinion.Co-Diagnostics CEO Dwight Egan said, "Co-Diagnostics has received overwhelming interest in our novel coronavirus diagnostic from all over the world since first announcing its development a month ago." * 7 Safe Stocks to Buy on the Coronavirus Dip It's definitely a stock to keep an eye on. Novavax (NVAX)Source: Shutterstock Shares of Novavax (NASDAQ:NVAX) nearly doubled over the last week on news it began animal testing for a coronavirus vaccine candidate. It's expected to start COVID-19 vaccine trials on humans by spring.Investors are encouraged by the company, especially after a solid history of developing vaccines for MERS and SARS."Our previous experience working with other coronaviruses, including both MERS and SARS, allowed us to mobilize quickly against COVID-19 and successfully complete the critical preliminary steps to engineer viable vaccine candidates," said Stanley C. Erck, President and Chief Executive Officer of Novavax. "Now that the protein has been expressed stably in our baculovirus system, we aim to identify the optimal candidate and scale up production of sufficient vaccine for preliminary clinical trials. We are now well-positioned to advance the COVID-19 vaccine candidate to Phase I clinical testing in May or June."Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999. As of this writing, Ian Cooper did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Your Income-Generating Portfolio * 3 Busted IPOs That Could See a Rebound in 2020 * 3 Telecom Stocks to Watch Before Earnings The post 3 Coronavirus Stocks to Own Until the Fear Fades appeared first on InvestorPlace.
Alpha Pro Tech announced a spike in face mask orders amid the spiraling coronavirus outbreak, a day after disclosing earnings for the fourth quarter.
Alpha Pro Tech, Ltd. (NYSE: APT) shares trading sharply higher after the company said it expects to fulfill the remainder of $14.1 million in currently-booked orders for face masks as the demand rises due to the COVID-19 virus spreading in the second-quarter. As the coronavirus outbreak spreads beyond China, the demand for masks is on the rise and due to this people are having trouble getting hold of medical masks. The Timereports there is a daily capacity of 20 million pieces, but by the estimate of its manufacturers, domestic demand alone is around 50-60 million per day.
Benzinga Pro's Stocks To Watch For Thursday Microsoft (MSFT) - Shares were down 3.5% following a warning the company will not achieve its Q3 guidance for its "More Personal Computing" segment. ...
Alpha Pro Tech, Ltd. (NYSE American: APT), a leading manufacturer of products designed to protect people, products and environments, including disposable protective apparel and building products, today announced an update to the status of orders booked for APT’s proprietary N-95 Particulate Respirator face mask. As previously reported, over the last month, APT has ramped up production of the company’s N-95 face mask, which is manufactured by APT in the United States with material sourced domestically, in response to a significant increase in customer demand resulting from the outbreak of the coronavirus (Covid-19). APT has now booked approximately $14.1 million in orders for the company’s N-95 face mask since January 27, 2020, an increase of $3.6 million from the $10.4 million reported as of February 13, 2020, and demand for the product remains strong.
NOGALES, Ariz., Feb. 26, 2020 (GLOBE NEWSWIRE) -- Alpha Pro Tech, Ltd. (NYSE American: APT), a leading manufacturer of products designed to protect people, products and environments, including disposable protective apparel and building products, today announced financial results for the fourth quarter and year ended December 31, 2019.
It's really great to see that even after a strong run, Alpha Pro Tech (NYSEMKT:APT) shares have been powering on, with...
Revenue for the year ended December 31, 2019 was $46.7 million, compared to $46.6 million for the year ended December 31, 2018. Net income for the year ended December 31, 2019.
Airlines, hotels, casinos and other stocks continue to fall as fear of the coronavirus grows worldwide and all but halts activity in the virus epicenter of Wuhan, China. Alpha Pro Tech, Ltd. (NYSE: APT) manufactures masks and protective apparel — goods already in high demand in China. Lakeland Industries, Inc. (NASDAQ: LAKE) also produces protective clothes for high-risk workers, such as the medical professionals and public health officials exposing themselves to patients.
Protective gear makers Lakeland Industries and Alpha Pro Tech as well as online education stock GSX Techedu rallied as the outbreak intensified.