Leatt (OTCMKTS:LEAT) Share Price Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Leatt Corp. (OTCMKTS:LEAT) shares have crossed above their 50-day moving average of $10.22, reaching a high of $13.01 during trading.
• The company has a market capitalization of $80.94 million, a P/E ratio of 43.38, and reported a net margin of 3.51% in its latest earnings results.
• Leatt Corporation specializes in designing and distributing personal protective equipment for motor sports and leisure activities worldwide.

Shares of Leatt Corp. (OTCMKTS:LEAT - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.22 and traded as high as $13.01. Leatt shares last traded at $13.01, with a volume of 1,205 shares traded.

Leatt Trading Up 0.1%

The business's 50-day simple moving average is $10.22 and its 200 day simple moving average is $8.14. The company has a market capitalization of $80.94 million, a P/E ratio of 43.38 and a beta of 1.18.

Leatt (OTCMKTS:LEAT - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter. Leatt had a net margin of 3.51% and a return on equity of 4.90%.

Leatt Company Profile

Leatt Corporation designs, develops, markets, and distributes personal protective equipment for participants of motor sports and leisure activities worldwide. The company offers Leatt-Brace system, an injection molded neck protection system designed to prevent injuries to the cervical spine and neck.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.