Alpha Pro Tech surges 47% after update on face mask orders
27/02/2020 16:33
** Shares of Alpha Pro Tech Ltd APT.N jumping 47% on Thurs
after co's announcement that demand for its N-95 face makes
remains strong in response to coronavirus outbreak
** Stock is up over 400% YTD as a result of demand for its
face masks
** Co said it has booked about $14.1 mln in orders for its
N-95 face masks since Jan 27, up from 10.4 mln as of Feb 13
urn:newsml:reuters.com:*:nFWN2AR0VQ
** As result of ramp-up of production, expect to fulfill ~$4
mln of currently booked N-95 orders in Q1 and fulfill remainder
of orders in Q2, as well as anticipated orders
** Co, which makes disposable protective apparel as well as
construction weatherization products, last year had net sales of
$46.7 mln
((noel.randewich@tr.com; (415) 677 2542; Reuters Messaging:
Twitter: @randewich))