Lakeland Industries (NASDAQ:LAKE) Shares Cross Above 200 Day Moving Average – Should You Sell?

Lakeland Industries, Inc. (NASDAQ:LAKE)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.25 and traded as high as $10.70. Lakeland Industries shares last traded at $10.65, with a volume of 95,138 shares.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LAKE. Maxim Group set a $16.00 target price on shares of Lakeland Industries in a report on Monday, April 20th. Lake Street Capital reduced their target price 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. DA Davidson upgraded shares of Lakeland Industries from a “neutral” rating to a “buy” rating and raised their target price for the stock from $10.00 to $14.00 in a report on Monday, April 20th. Finally, Zacks Research upgraded shares of Lakeland Industries from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $15.20.

Lakeland Industries Trading Up 2.1%

The company has a current ratio of 3.53, a quick ratio of 1.36 and a debt-to-equity ratio of 0.24. The firm has a market cap of $105.01 million, a PE ratio of -4.13 and a beta of 1.45. The company’s 50-day moving average is $9.46 and its 200 day moving average is $10.25.

Institutional Investors Weigh In On Lakeland Industries

Several hedge funds have recently made changes to their positions in the company. Private Capital Management LLC lifted its position in shares of Lakeland Industries by 2.8% in the 4th quarter. Private Capital Management LLC now owns 1,202,433 shares of the medical instruments supplier’s stock valued at $10,630,000 after acquiring an additional 32,945 shares in the last quarter. Royce & Associates LP lifted its position in Lakeland Industries by 10.0% in the 3rd quarter. Royce & Associates LP now owns 1,178,670 shares of the medical instruments supplier’s stock worth $17,444,000 after buying an additional 107,100 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its position in Lakeland Industries by 62.3% in 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 buying an additional 296,222 shares in the last quarter. Vanguard Group Inc. lifted its position in Lakeland Industries by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 486,524 shares of the medical instruments supplier’s stock worth $7,201,000 after buying an additional 10,764 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Lakeland Industries by 115.9% in the 2nd quarter. Geode Capital Management LLC now owns 217,786 shares of the medical instruments supplier’s stock worth $2,964,000 after buying an additional 116,901 shares in the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Lakeland Industries Company Profile

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.