Lakeland Industries (NASDAQ:LAKE - Get Free Report) had its price objective boosted by investment analysts at Roth Mkm from $27.00 to $29.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the medical instruments supplier's stock. Roth Mkm's target price would indicate a potential upside of 21.64% from the stock's previous close.
Separately, StockNews.com cut shares of Lakeland Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th.
Check Out Our Latest Stock Report on LAKE
Lakeland Industries Price Performance
LAKE stock traded down $0.04 during midday trading on Tuesday, reaching $23.84. The company had a trading volume of 112,987 shares, compared to its average volume of 38,667. Lakeland Industries has a 1-year low of $15.10 and a 1-year high of $26.10. The stock has a 50 day moving average price of $21.03 and a 200-day moving average price of $21.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 2.00. The company has a market capitalization of $176.56 million, a price-to-earnings ratio of -277.22 and a beta of 0.63.
Institutional Investors Weigh In On Lakeland Industries
Several hedge funds and other institutional investors have recently made changes to their positions in LAKE. Inspire Advisors LLC acquired a new stake in shares of Lakeland Industries during the 2nd quarter valued at $222,000. Total Clarity Wealth Management Inc. bought a new stake in shares of Lakeland Industries during the second quarter worth about $597,000. Renaissance Technologies LLC increased its stake in shares of Lakeland Industries by 2.7% in the second quarter. Renaissance Technologies LLC now owns 499,202 shares of the medical instruments supplier's stock valued at $11,452,000 after buying an additional 13,200 shares during the period. High Falls Advisors Inc raised its holdings in Lakeland Industries by 35.8% in the 2nd quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier's stock valued at $447,000 after buying an additional 5,137 shares during the last quarter. Finally, Huntington National Bank acquired a new stake in Lakeland Industries during the 3rd quarter worth approximately $41,000. 71.69% of the stock is owned by institutional investors.
About Lakeland Industries
(
Get Free Report)
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.
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