Lakeland Industries (NASDAQ:LAKE) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Lakeland Industries, Inc. (NASDAQ:LAKE) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.74 and traded as high as $11.56. Lakeland Industries shares last traded at $11.48, with a volume of 136,073 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LAKE. Lake Street Capital dropped their price objective on Lakeland Industries from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, April 17th. Wall Street Zen upgraded Lakeland Industries from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Maxim Group set a $16.00 target price on Lakeland Industries in a research note on Monday, April 20th. 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. Finally, Weiss Ratings upgraded shares of Lakeland Industries from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lakeland Industries has an average rating of “Hold” and an average target price of $16.00.

Lakeland Industries Stock Down 1.9%

The company has a current ratio of 3.09, a quick ratio of 1.34 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $111.03 million, a P/E ratio of -5.28 and a beta of 1.45. The stock has a 50 day moving average price of $10.70 and a 200 day moving average price of $9.76.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Marquette Asset Management LLC bought a new position in Lakeland Industries in the 2nd quarter valued at approximately $300,000. Bank of America Corp DE boosted its position in Lakeland Industries by 173.9% during the 1st quarter. Bank of America Corp DE now owns 19,169 shares of the medical instruments supplier’s stock worth $157,000 after buying an additional 12,171 shares during the period. Sei Investments Co. bought a new stake in Lakeland Industries during the 1st quarter worth approximately $88,000. Bank of New York Mellon Corp increased its position in Lakeland Industries by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 75,107 shares of the medical instruments supplier’s stock valued at $615,000 after acquiring an additional 1,479 shares during the period. Finally, Equitable Trust Co. increased its position in Lakeland Industries by 48.5% in the 1st quarter. Equitable Trust Co. now owns 44,530 shares of the medical instruments supplier’s stock valued at $365,000 after acquiring an additional 14,540 shares during the period. Institutional investors and hedge funds own 71.69% of the company’s stock.

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.