Alpha Pro Tech is one of the few companies in the USA which produces face masks and protective gear against infections. In earlier reports The Golden Investor already emphasized that Alpha Pro Tech could see a surge in sales due to the COVID-19 outbreak, unlike many other dubbed corona stocks Alpha Pro Tech actually sees an increase in revenue. The CEO of Alpha Pro Tech reported a huge increase in sales in the last two weeks. A further increase in production capacity will only increase the number of sales coming weeks and months as the coronavirus continues to spread. Alpha Pro Tech reported having a big backlog in orders as sales are continuously increasing everyday.
“Since January 27th, we have received orders for our proprietary N-95 Particulate Respirator face mask representing roughly 24 times the revenue that we have recorded from sales of this product for each year since 2016.”Alpha Pro Tech CEO Llyod Hoffman
The Golden Investor reached out to Alpha Pro Tech for an update on their sales yesterday, this press release answered our questions and confirmed our expectations. Furthermore The Golden Investor learned that a common stock offering is currently not on the mind of Alpha Pro Tech: “We are not raising any capital or doing a stock offering at this time.”. In combination with their buy backs and good relationship with investors recent years this seems to look very good for investors. With a lower volume on the stock market higher gains than at the H1N1 outbreak in 2009 are very much a possibility. All-time highs could be reached as the virus found itself a new place to spread, Japan reported 4 new cases with unknown source of infection today, of which one died already and one taxi driver in the biggest city of the world, Tokyo. In the coming months Alpha Pro Tech stock will soar like never before, be safe and add some Alpha Pro Tech stock to your portfolio and stay ahead of the news.
Disclaimer: The writer of this article holds Alpha Pro Tech (APT) stock, this article should not be interpreted as investment advice or anything like that.