Somewhat Positive Press Coverage Somewhat Unlikely to Affect Lakeland Industries (NASDAQ:LAKE) Share Price

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Media headlines about Lakeland Industries (NASDAQ:LAKE) have been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lakeland Industries earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned news headlines about the medical instruments supplier an impact score of 45.2146291943233 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news stories that may have effected Accern’s rankings:

Separately, Zacks Investment Research downgraded shares of Lakeland Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 20th.

LAKE opened at $13.26 on Tuesday. Lakeland Industries has a 52-week low of $12.20 and a 52-week high of $16.85. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.08 and a current ratio of 6.98. The stock has a market cap of $107.61 million, a PE ratio of 18.41 and a beta of 0.19.

Lakeland Industries (NASDAQ:LAKE) last issued its quarterly earnings results on Friday, June 8th. The medical instruments supplier reported $0.23 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. Lakeland Industries had a net margin of 0.61% and a return on equity of 6.91%. The company had revenue of $24.34 million for the quarter, compared to the consensus estimate of $23.65 million. analysts anticipate that Lakeland Industries will post 1 earnings per share for the current fiscal year.

Lakeland Industries Company Profile

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.

Further Reading: Diversification For Individual Investors

Insider Buying and Selling by Quarter for Lakeland Industries (NASDAQ:LAKE)

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