Posted by admin on May 9th, 2022
Lakeland Industries (NASDAQ: LAKE) recently received a number of ratings updates from brokerages and research firms:
NASDAQ:LAKE traded down $0.04 during midday trading on Monday, reaching $16.03. The company had a trading volume of 1,927 shares, compared to its average volume of 34,375. The firm has a market capitalization of $122.08 million, a price-to-earnings ratio of 11.37 and a beta of 0.24. The stock’s fifty day simple moving average is $18.38 and its 200-day simple moving average is $19.71. Lakeland Industries, Inc. has a 12-month low of $15.37 and a 12-month high of $27.53.
A number of large investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI acquired a new stake in Lakeland Industries in the fourth quarter valued at $80,000. O Shaughnessy Asset Management LLC raised its stake in Lakeland Industries by 21.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 6,905 shares of the medical instruments supplier’s stock valued at $145,000 after buying an additional 1,227 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in Lakeland Industries by 37.4% in the first quarter. Advisor Group Holdings Inc. now owns 9,874 shares of the medical instruments supplier’s stock valued at $190,000 after buying an additional 2,690 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Lakeland Industries by 3,407.4% during the fourth quarter. BNP Paribas Arbitrage SA now owns 10,417 shares of the medical instruments supplier’s stock worth $226,000 after purchasing an additional 10,120 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Lakeland Industries by 10.9% during the fourth quarter. First Trust Advisors LP now owns 12,663 shares of the medical instruments supplier’s stock worth $275,000 after purchasing an additional 1,242 shares in the last quarter. Hedge funds and other institutional investors own 89.28% of the company’s stock.
Lakeland Industries, Inc manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and firefighting and heat protective apparel to protect against fire.
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