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Leatt (OTCMKTS:LEAT) Stock Passes Above 50-Day Moving Average - Time to Sell?

Leatt logo with Consumer Discretionary background

Shares of Leatt Co. (OTCMKTS:LEAT - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.37 and traded as high as $8.89. Leatt shares last traded at $8.60, with a volume of 19,512 shares.

Leatt Stock Up 0.0%

The stock has a fifty day simple moving average of $6.42 and a 200 day simple moving average of $6.99. The firm has a market capitalization of $49.58 million, a P/E ratio of -15.95 and a beta of 1.01.

Leatt (OTCMKTS:LEAT - Get Free Report) last released 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.

About Leatt

(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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