Alpha Pro Tech, Ltd (NYSEMKT:APT) is on the move. The stock of the company surged up by more than 25% in the trading session on Friday. The share prices of Alpha Pro Tech touched 52 weeks high and soared up to $$6.77 after the first patient in U.S who was diagnosed with the Ebola virus died in the Dallas on Wednesday. The rise in the share prices marks the day as the fourth consecutive day of gains for the company. the shares of the company more than doubled year to date.
Alpha Pro Tech:
Alpha Pro Tech, Ltd (NYSEMKT:APT) is indulged in the manufacturing of protective equipment that includes surgical masks and control products that offer control against infections. These products are used by healthcare workers for prevention from contracting the Ebola virus. The company made an announcement in September that the suits would be available all over the world.
Alpha Pro Tech’s Stock on Fire:
The average volume that the company trades during the day is 505,351 shares whereas, in the recent trading session, Alpha Pro Tech traded more than 12 million shares. At present, Alpha Pro Tech is a hot stock that one should definitely invest in.
A Stock to Buy:
TheStreet stated Alpha Pro Tech is a stock to buy. TheStreet backed the statement with a number of strengths. They believe that the strengths of the company would have a greater impact and would give investors a better opportunity than most stocks. The strengths of the company can be seen in multiple areas like its revenue growth, solid financial position, solid stock price performance, an impressive record of earnings and a compelling growth in the net income.
The company observed a 9.8% revenue growth which is higher than the industry average of 2.7%. Alpha Pro Tech has no debt which results in debt to equity ratio of zero. The company also maintains a quick ratio of 12.72, which demonstrates the ability of the company to cover any short-term cash needs. Alpha Pro Tech has a 150% earnings growth. Moreover, the stock of the company has surged by 130.26% in one year. Furthermore, the company also reported an improvement in significant earnings per share in the most recent quarter as compared to the same quarter a year ago. The net income of Alpha Pro Tech has increased by 88.4% in a single year, rising from $0.48 million to $0.90 million.
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