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

Leatt logo with Consumer Discretionary background

Shares of Leatt Co. (OTCMKTS:LEAT - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.67 and traded as high as $8.65. Leatt shares last traded at $8.65, with a volume of 1,083 shares trading hands.

Leatt Trading Down 3.9%

The company's 50-day moving average is $6.70 and its 200-day moving average is $7.02. The firm has a market cap of $51.69 million, a price-to-earnings ratio of -16.63 and a beta of 1.01.

Leatt (OTCMKTS:LEAT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.17 earnings per share for the quarter. Leatt had a negative return on equity of 8.20% and a negative net margin of 7.54%. The business had revenue of $15.37 million during the quarter.

Leatt Company Profile

(Get Free Report)

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.

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