Stock Alert: Alpha Pro Tech Shares Soar 24% On Strong Demand For N-95 Face Masks

(RTTNews) - Shares of Alpha Pro Tech Ltd. (APT) are surging over 24% in pre-market today, after the company announced a significant growth in orders of its proprietary N-95 Particulate Respirator face mask and face shields.

As of April 7, 2020, APT has booked about $36.7 million in orders for the company's proprietary N-95 Particulate Respirator face mask since January 27, 2020, an increase of $14.1 million, or 62%, from the $22.6 million in orders reported as of March 11, 2020, and the company continues to experience greater demand.

The company has seen exponential increases not only in near-term demand, but also in longer-term ongoing purchase orders that have request dates that extend beyond the third quarter of 2020 and into the first half of 2021. About 20% of the booked orders fall into the latter category.

The company's other disposable protective apparel product lines, which include coveralls, gowns, lab coats, shoecovers and bouffant caps, have also seen a significant increase in demand, which primarily began in early March and has continued into April.

The stock has been trading between $3.20 and $41.59 in the past one year, and closed Tuesday's trade at $12.32, down $2.64 or 17.65%. APT is currently trading at $15.30, up $2.98 or 24.19% in the pre-market trading session.