Roth Mkm Forecasts Strong Price Appreciation for Lakeland Industries (NASDAQ:LAKE) Stock

Lakeland Industries (NASDAQ:LAKE) had its price objective increased by equities research analysts at Roth Mkm from $27.00 to $29.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the medical instruments supplier’s stock. Roth Mkm’s price objective would indicate a potential upside of 16.23% from the stock’s previous close.

Separately, StockNews.com downgraded shares of Lakeland Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th.

Lakeland Industries Stock Up 4.5 %

LAKE stock traded up $1.07 during trading on Tuesday, hitting $24.95. 30,230 shares of the stock traded hands, compared to its average volume of 38,289. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 2.00. The stock has a market cap of $184.78 million, a price-to-earnings ratio of -277.22 and a beta of 0.63. Lakeland Industries has a 1 year low of $15.10 and a 1 year high of $26.10. The firm’s 50 day moving average is $21.03 and its two-hundred day moving average is $21.79.

Institutional Trading of Lakeland Industries

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC increased its stake in shares of Lakeland Industries by 4.6% in the third quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock worth $244,000 after purchasing an additional 536 shares in the last quarter. Geode Capital Management LLC increased its stake in Lakeland Industries by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 74,273 shares of the medical instruments supplier’s stock worth $1,493,000 after buying an additional 1,177 shares in the last quarter. Huntington National Bank bought a new stake in Lakeland Industries during the third quarter valued at about $41,000. High Falls Advisors Inc lifted its position in shares of Lakeland Industries by 35.8% in the second quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock valued at $447,000 after acquiring an additional 5,137 shares in the last quarter. Finally, Inspire Advisors LLC bought a new position in shares of Lakeland Industries in the second quarter worth about $222,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Lakeland Industries Company Profile

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.