Lakeland Industries (NASDAQ:LAKE) Shares Cross Above 200 Day Moving Average - Time to Sell?

Key Points

• LAKE crossed above its 200-day moving average (200‑day MA $10.80) and traded as high as $11.14, with the stock trading up about 12.6% and last at $10.84 on heavy volume.
• Analyst coverage is mixed—three Buys, one Hold and one Sell—with a consensus rating of "Hold" and a consensus price target of $15.20.
• The company has a market capitalization of about $106.7 million and a negative trailing PE (-4.20), while institutional investors own roughly 71.7% of the shares with several recent fund inflows.

Lakeland Industries, Inc. (NASDAQ:LAKE - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.80 and traded as high as $11.14. Lakeland Industries shares last traded at $10.84, with a volume of 315,061 shares trading hands.

Wall Street Analysts Forecast Growth

LAKE has been the topic of a number of recent research reports. Lake Street Capital dropped their price objective on shares of Lakeland Industries from $16.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, April 17th. Weiss Ratings reiterated a "sell (d)" rating on shares of Lakeland Industries in a research note on Thursday, January 22nd. Maxim Group set a $16.00 price objective on shares of Lakeland Industries in a research note on Monday, April 20th. DA Davidson upgraded shares of Lakeland Industries from a "neutral" rating to a "buy" rating and increased their price objective for the company from $10.00 to $14.00 in a research note on Monday, April 20th. Finally, Zacks Research raised shares of Lakeland Industries from a "strong sell" rating to a "hold" rating in a research report on Monday, February 9th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $15.20.

Lakeland Industries Trading Up 12.6%

The company has a 50 day moving average of $9.07 and a two-hundred day moving average of $10.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.36 and a current ratio of 3.53. The stock has a market capitalization of $106.67 million, a PE ratio of -4.20 and a beta of 1.45.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its stake in Lakeland Industries by 87.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,795 shares of the medical instruments supplier's stock valued at $27,000 after purchasing an additional 839 shares in the last quarter. Bank of America Corp DE increased its stake in Lakeland Industries by 189.9% during the 2nd quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier's stock valued at $57,000 after purchasing an additional 2,736 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Lakeland Industries during the 2nd quarter valued at approximately $59,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Lakeland Industries during the 2nd quarter valued at approximately $68,000. Finally, Wells Fargo & Company MN increased its stake in Lakeland Industries by 35.5% during the 4th quarter. Wells Fargo & Company MN now owns 9,514 shares of the medical instruments supplier's stock valued at $84,000 after purchasing an additional 2,492 shares in the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.