Lakeland Industries (NASDAQ:LAKE - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Wednesday.
Separately, TheStreet raised shares of Lakeland Industries from a "c+" rating to a "b-" rating in a research note on Thursday, February 1st.
Read Our Latest Stock Report on Lakeland Industries
Lakeland Industries Stock Performance
NASDAQ LAKE traded up $0.69 during trading on Wednesday, hitting $18.48. The stock had a trading volume of 26,855 shares, compared to its average volume of 19,923. The stock has a market capitalization of $136.01 million, a price-to-earnings ratio of 21.49 and a beta of 0.47. Lakeland Industries has a one year low of $10.60 and a one year high of $19.66. The stock has a 50 day simple moving average of $17.14 and a 200 day simple moving average of $16.27.
Institutional Trading of Lakeland Industries
Institutional investors and hedge funds have recently modified their holdings of the stock. Qube Research & Technologies Ltd bought a new stake in shares of Lakeland Industries during the third quarter valued at approximately $26,000. UBS Group AG raised its stake in shares of Lakeland Industries by 64.2% during the first quarter. UBS Group AG now owns 2,347 shares of the medical instruments supplier's stock valued at $45,000 after acquiring an additional 918 shares in the last quarter. Barclays PLC bought a new stake in shares of Lakeland Industries during the third quarter valued at approximately $53,000. Tower Research Capital LLC TRC raised its stake in shares of Lakeland Industries by 511.9% during the third quarter. Tower Research Capital LLC TRC now owns 4,620 shares of the medical instruments supplier's stock valued at $54,000 after acquiring an additional 3,865 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Lakeland Industries by 28.8% during the second quarter. BNP Paribas Arbitrage SA now owns 9,729 shares of the medical instruments supplier's stock valued at $149,000 after acquiring an additional 2,178 shares in the last quarter. Institutional investors own 71.69% of the company's stock.
Lakeland Industries Company Profile
(
Get Free Report)
Lakeland Industries, Inc manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers firefighting and heat protective apparel to protect against fire; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks.
Featured Stories
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.
Before you consider Lakeland Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lakeland Industries wasn't on the list.
While Lakeland Industries currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
