Share price of protective-clothes maker
Lakeland Industries Inc.
) has surged 31.9% over the last 2 days and 15.9% in the last 24
hours alone, to eventually close at $11.62 yesterday. The strong
upside came soon after the death of the first patient diagnosed
with the Ebola virus in the U.S.
Lakeland produces hazmat suits that healthcare providers wear
while treating patients detected with infectious diseases. With the
alarming outbreak of the Ebola virus, demand for such suits is
bound to experience a further upswing. The speculated demand rise
can be seen as a logical explanation of the company's shares
Per reliable sources, the Liberian national diagnosed with Ebola
last month had succumbed to death soon after reaching Texas. He had
been kept in a hospital's isolation room in Dallas for almost two
So far, the deadly virus has claimed 3,865 lives, mostly in
Liberia, Sierra Leone and Guinea in the latest Ebola outbreak in
West Africa. This is being considered the largest and most complex
outbreak since the virus was first discovered in 1976.
Unfortunately, no vaccine for Ebola virus is available yet.
During the current outbreak, already, approximately 55% of those
infected with the virus have been killed. On Aug 8, the
Director-General of World Health Organization (WHO) declared the
Ebola outbreak a Public Health Emergency of International
Based on its diverse global operations and the versatile range
of its protective apparels, management expects demand for its
hazmat suits to gain accretion, up from current numbers experienced
in the international market. Notably, last month, Lakeland
increased its manufacturing capacity in response to the increasing
demand for hazmat suits being used by health workers handling
patients infected with the Ebola virus.
Stocks to Consider
Some well-placed stocks worth considering in the medical sector
are ICU Medical, Inc. (
), OraSure Technologies, Inc. (
) and ZELTIQ Aesthetics, Inc. (
). All three sport a Zacks Rank #1 (Strong Buy).
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