Lakeland Industries (NASDAQ:LAKE) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Lakeland Industries, Inc. (NASDAQ:LAKE) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.83 and traded as high as $11.07. Lakeland Industries shares last traded at $10.73, with a volume of 60,499 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Lakeland Industries from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings upgraded shares of Lakeland Industries from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 29th. Lake Street Capital decreased their price objective on shares of Lakeland Industries from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, April 17th. Maxim Group set a $16.00 target price on shares of Lakeland Industries in a research note on Monday, April 20th. Finally, DA Davidson increased their target price on shares of Lakeland Industries from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.00.

Lakeland Industries Stock Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 3.09 and a quick ratio of 1.34. The company has a market cap of $109.21 million, a price-to-earnings ratio of -5.19 and a beta of 1.45. The stock has a 50-day moving average price of $10.77 and a 200 day moving average price of $9.84.

Lakeland Industries (NASDAQ:LAKE) last posted its earnings results on Tuesday, June 9th. The medical instruments supplier reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.18. Lakeland Industries had a negative return on equity of 6.64% and a negative net margin of 10.87%.The business had revenue of $47.42 million during the quarter, compared to analysts’ expectations of $47.36 million. As a group, analysts anticipate that Lakeland Industries, Inc. will post -0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Lakeland Industries

Institutional investors have recently added to or reduced their stakes in the stock. Pacific Ridge Capital Partners LLC increased its holdings in Lakeland Industries by 62.3% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 772,015 shares of the medical instruments supplier’s stock worth $6,825,000 after purchasing an additional 296,222 shares in the last quarter. Peapod Lane Capital LLC acquired a new stake in shares of Lakeland Industries in the 4th quarter valued at about $604,000. Equitable Trust Co. lifted its holdings in shares of Lakeland Industries by 10.4% in the fourth quarter. Equitable Trust Co. now owns 29,990 shares of the medical instruments supplier’s stock valued at $265,000 after purchasing an additional 2,820 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Lakeland Industries in the 2nd quarter valued at approximately $59,000. Finally, Bank of America Corp DE lifted its stake in Lakeland Industries by 189.9% in the 2nd quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier’s stock valued at $57,000 after acquiring an additional 2,736 shares in the last quarter. 71.69% of the stock is owned by institutional investors.

About Lakeland Industries

Lakeland Industries, Inc (NASDAQ:LAKE) is a global provider of high-performance protective apparel and accessories designed to safeguard workers in industrial, healthcare, laboratory, and emergency response environments. The company’s expertise lies in producing garments that shield against chemical, biological, radiological, and thermal risks, supporting safety protocols in sectors such as oil and gas, petrochemicals, pharmaceuticals, and first responders.

The product portfolio encompasses both single-use and reusable solutions, including chemical protective coveralls, flame-resistant garments, arc flash clothing, medical isolation gowns, and cleanroom suits.