Boston, MA 10/09/2014 (wallstreetpr) – Lakeland Industries, Inc. (NASDAQ:LAKE) the manufacturer of safety garments which meets the extreme protective demands of the industrial and medical sector has seen its biggest one day increase in its share price during 9th October. Stock saw its valuation go up by nearly 52.5 percent yesterday to peak at $17.72, after the first Ebola virus related death on U.S soil was reported from Texas earlier this week. Global leaders including the U.N agencies have reacted with alarm on the continued spread of the dreaded virus. The disease which is currently devastating huge human population in parts of Africa has no known cure till date. Hence the demand for Lakeland Industries, Inc. (NASDAQ:LAKE) manufactured “ChemMax1 protective suit” used by the health care workers has gone up many fold over the past few weeks.
Shares of protective apparel maker Alpha Pro Tech, Ltd. (NYSEMKT:APT) has jumped up by nearly 27 percent yesterday to hit a new 52 week high of $4.84, on the back of wide spread global fears of Ebola virus spreading to new geographies. Investors are trooping into the stock as government agencies from across the globe are stepping up efforts to combat the virus spread by equipping emergency medical care staff with protective suits. “U.S. State Department had put out a bid for 160,000 such suits in September. This exponential increase in demand for its products has driven the investor frenzy in the company stock.
Physical medicine applications provider Dynatronics Corporation (NASDAQ:DYNT) saw its stock peak to new 6 month peak of $4.58, after share price increased by 29.29 percent on 9th October. Investors increased their exposure to this stock, as global efforts to combat the spread of the dreaded Ebola virus has continued to gain huge momentum. The virus has still no approved medical cure. This has promoted governments to depend on containment strategy, which is in turn leading to the huge demand for Dynatronics Corporation (NASDAQ:DYNT) products.