Lakeland Industries (NASDAQ:LAKE) issued its quarterly earnings results on Monday. The medical instruments supplier reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.16, Fidelity Earnings reports. Lakeland Industries had a positive return on equity of 1.22% and a negative net margin of 0.88%. The company had revenue of $27.47 million for the quarter, compared to the consensus estimate of $25.62 million.
NASDAQ LAKE traded down $0.04 during midday trading on Wednesday, hitting $11.29. The company had a trading volume of 1,339 shares, compared to its average volume of 8,680. The company has a quick ratio of 2.09, a current ratio of 5.01 and a debt-to-equity ratio of 0.03. The stock has a market cap of $82.94 million, a price-to-earnings ratio of 27.54 and a beta of 0.61. The firm has a fifty day simple moving average of $10.69 and a two-hundred day simple moving average of $11.45. Lakeland Industries has a fifty-two week low of $9.70 and a fifty-two week high of $14.44.
Several equities research analysts have recently weighed in on LAKE shares. Zacks Investment Research raised Lakeland Industries from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 14th. ValuEngine raised shares of Lakeland Industries from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 1st.
Lakeland Industries, Inc manufactures and sells a range of safety garments and accessories for the industrial and public protective clothing market in the United States and internationally. It offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, and hazardous chemical and biological toxins; and firefighting and heat protective apparel to protect against fire, burns, and excessive heat.
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