Protective gear, respiratory equipment makers jump as coronavirus fears mount

Allied Healthcare Products

27/02/2020 20:45

** Shares of protective medical gear makers and respiratory
product companies have soared since the beginning of the year as
the fears surrounding coronavirus have rattled the broader
market
    ** Medical safety apparel manufacturers Lakeland Industries
Inc  LAKE.O  and Apha Pro Tech Ltd  APT.A , as well as
respiratory equipment maker Allied Healthcare Products Inc
 AHPI.N  have handily outperformed the S&P 500  .SPX  so far
this year; they have risen between about 80% and 800%, compared
with the bellwether index's 3.5% decline over the same time
period
 
    ** APT stock surged on Thurs after co released an update on
demand for its N-95 face mask orders  urn:newsml:reuters.com:*:nL2N2AR1A5
    ** AHPI stock has so far been halted for volatility eight
times during the current session
    ** The U.S. Centers for Disease Control and Prevention (CDC)
on Tuesday announced that the coronavirus' spread to the U.S. is
"not a question of if. It's a question of when and how many
people will be infected," adding that "disruption to everyday
life might be severe"  urn:newsml:reuters.com:*:nL1N2AP0TC
    ** In late afternoon trading, LAKE, APT and AHPI shares have
skyrocketed by 25.6%, 121.1% and 289.7%, respectively

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Protective gear makers Image    https://tmsnrt.rs/3ch875u
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 (Reporting by Stephen Culp)
 ((stephen.culp@thomsonreuters.com; 646-223-6076;))