Lakeland Industries (NASDAQ:LAKE) Rating Lowered to Hold at StockNews.com

Lakeland Industries (NASDAQ:LAKEGet Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Lakeland Industries Stock Down 0.2 %

Shares of Lakeland Industries stock opened at $15.22 on Wednesday. Lakeland Industries has a 52 week low of $10.60 and a 52 week high of $16.07. The business’s fifty day simple moving average is $14.80 and its 200-day simple moving average is $13.77. The firm has a market cap of $112.10 million, a PE ratio of 21.44 and a beta of 0.59.

Hedge Funds Weigh In On Lakeland Industries

Several hedge funds have recently bought and sold shares of LAKE. Private Capital Management LLC raised its position in Lakeland Industries by 30.4% in the 2nd quarter. Private Capital Management LLC now owns 1,036,131 shares of the medical instruments supplier’s stock valued at $15,915,000 after purchasing an additional 241,376 shares in the last quarter. Royce & Associates LP raised its position in Lakeland Industries by 20.8% in the 1st quarter. Royce & Associates LP now owns 514,397 shares of the medical instruments supplier’s stock valued at $7,510,000 after purchasing an additional 88,535 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Lakeland Industries by 785.8% in the 2nd quarter. Captrust Financial Advisors now owns 57,535 shares of the medical instruments supplier’s stock valued at $828,000 after acquiring an additional 51,040 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Lakeland Industries by 6.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 574,082 shares of the medical instruments supplier’s stock valued at $6,619,000 after acquiring an additional 32,311 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new position in shares of Lakeland Industries in the 3rd quarter valued at about $341,000. Institutional investors and hedge funds own 73.48% 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.

Further Reading

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