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Leatt (OTCMKTS:LEAT) Shares Cross Above 50 Day Moving Average - Here's Why

Leatt logo with Consumer Discretionary background

Key Points

  • Leatt Corp. (OTCMKTS:LEAT) saw its stock price cross above the 50-day moving average of $9.63, trading as high as $13.49 before closing at $12.58.
  • The company reported a net margin of 3.51% and earnings per share (EPS) of $0.18 during its last quarterly earnings on August 7th.
  • Leatt is primarily known for its personal protective equipment for motorsports and leisure activities, notably the Leatt-Brace system designed for neck protection.
  • Want stock alerts on Leatt? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Leatt Corp. (OTCMKTS:LEAT - Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $9.63 and traded as high as $13.49. Leatt shares last traded at $12.58, with a volume of 1,139 shares.

Leatt Stock Performance

The company has a market cap of $83.04 million, a PE ratio of 44.50 and a beta of 1.18. The stock's 50 day moving average price is $10.02 and its 200-day moving average price is $8.07.

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

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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