#3 - Alpha Pro Tech (NYSE:APT)
Like Inovio, Alpha Pro Tech (NYSEAMERICAN:APT) is an inexpensive stock that will be on the front line of the coronavirus defense. The stock is up nearly 340% in 2020 and that is after being up over 517% at one point. The company manufactures the N-95 face mask that is considered the gold standard for defense against the virus.
Some investors are expressing concern that the gains for APT stock may have already run their course. The conventional wisdom being that, if the virus fears mitigate, demand for the product may go down. While that may be true among the general public, I think that the N-95 may become the new standard in medical facilities, particularly in hospitals. As a society, once our institutions reach a certain standard for security, they rarely go backwards.
To illustrate this fact, Alpha Pro Tech announced in late February that is has booked $14 million in orders for one of its face masks. When you compare that $14 million to the $46.7 million the company earned for the entire year in 2019, you can see that, at least in the short-term, the company’s prospects look very good. For that reason, and because the shares are downright cheap for this market, it’s a good defensive play at this time.
About Alpha Pro Tech
Alpha Pro Tech, Ltd., together with its subsidiaries, develops, manufactures, and markets a range of disposable protective apparel, infection control, and building supply products in the United States and internationally. The company operates through Disposable Protective Apparel and Building Supply segments.
Read More - Current Price
- $5.75
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
