Lakeland Industries (NASDAQ:LAKE) Shares Cross Above 200 Day Moving Average of $16.51

Lakeland Industries, Inc. (NASDAQ:LAKE)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.51 and traded as high as $17.36. Lakeland Industries shares last traded at $16.99, with a volume of 31,069 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LAKE. Maxim Group began coverage on shares of Lakeland Industries in a research report on Wednesday, April 24th. They issued a “buy” rating and a $22.00 price target on the stock. TheStreet raised shares of Lakeland Industries from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st. Finally, StockNews.com lowered shares of Lakeland Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd.

Lakeland Industries Price Performance

The stock’s 50-day moving average is $16.85 and its 200-day moving average is $16.51. The firm has a market cap of $125.22 million, a P/E ratio of 23.93 and a beta of 0.47. The company has a quick ratio of 2.74, a current ratio of 5.53 and a debt-to-equity ratio of 0.01.

Lakeland Industries (NASDAQ:LAKE) last announced its earnings results on Wednesday, April 10th. The medical instruments supplier reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08). Lakeland Industries had a return on equity of 6.63% and a net margin of 4.33%. The company had revenue of $31.20 million for the quarter, compared to the consensus estimate of $32.50 million. As a group, equities analysts anticipate that Lakeland Industries, Inc. will post 1.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Lakeland Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. North Star Investment Management Corp. increased its position in Lakeland Industries by 0.9% during the first quarter. North Star Investment Management Corp. now owns 168,573 shares of the medical instruments supplier’s stock worth $3,085,000 after acquiring an additional 1,503 shares during the period. Quadrature Capital Ltd acquired a new stake in Lakeland Industries during the fourth quarter worth $236,000. Equitable Trust Co. boosted its stake in Lakeland Industries by 10.7% during the fourth quarter. Equitable Trust Co. now owns 27,665 shares of the medical instruments supplier’s stock worth $513,000 after buying an additional 2,680 shares in the last quarter. Barclays PLC acquired a new stake in Lakeland Industries during the third quarter worth $53,000. Finally, Bailard Inc. acquired a new stake in Lakeland Industries during the third quarter worth $225,000. Institutional investors own 71.69% of the company’s stock.

About Lakeland Industries

Lakeland Industries, Inc manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers firefighting and heat protective apparel to protect against fire; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks.