Shares are trading at $15.85 barely above the 50 day moving average which is $14.74 and quite a bit higher than the 200 day moving average of $13.57. The 50 day moving average went up $1.11 or +7.56% whereas the 200 day average was up by +16.76%. Trading was heavy with 70K shares changing hands in the last trading session. Volume was up 32.11% over the stocks average daily volume.
Investors are feeling more bearish on the company if you take into consideration the motion in short interest. The firm had a rise in short interest from September 29, 2017 to October 13, 2017 of 5.94%. Short interest grew from 116,555 to 123,476 over that timeframe. Days to cover decreased 0.0 to 2.0 and the percentage of shorted shares was 0.02% on October 13.
These firms have modified their investment in LAKE. Ubs Group Ag reduced its ownership by shedding 998 shares a decrease of 87.5% as of 06/30/2017. Ubs Group Ag currently owns 142 shares with a value of $2,000. The total value of its holdings decreased 83.3%. As of quarter end North Star Investment Management Corp. had bought 98,850 shares growing its stake by 411.9%. The value of the total investment in Lakeland Industries, Inc. increased from $348,000 to $1,732,000 a change of 397.7% for the reporting period.
Acadian Asset Management LLC augmented its holdings by buying 49,714 shares an increase of 5,211.1% in the quarter. Acadian Asset Management LLC owns 50,668 shares valued at $715,000. The value of the position overall is up by 5,007.1%. Nationwide Fund Advisors grew its position by buying 616 shares an increase of 6.8% from 06/30/2017 to 09/30/2017. Nationwide Fund Advisors controls 9,729 shares worth $137,000. The value of the position overall is up by 3.8%.
Equity analyst Roth Capital began coverage setting a rating of “Buy”.
The most current P/E ratio is 19.33 and the market cap of the company is 127.31M. In the latest earnings report the EPS was $0.82 and is estimated to be $0.85 for the current year with 8,032,000 shares outstanding. Next quarter’s EPS is forecasted at $0.18 and the next full year EPS is anticipated to be $0.89.
Lakeland Industries, Inc. (Lakeland), launched on April 30, 1986, manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Business’s product categories include limited use/disposable protective clothing; high-end chemical protective suits; firefighting, flame resistant personal protective equipment (FR PPE) and heat protective apparel; reusable woven garments; high visibility clothing, and glove and sleeves. The Business’s products are sold by its in-house customer service group, its regional sales managers and independent sales representatives to a network of over 1,200 North American safety and mill supply distributors. These distributors in turn supply end user industrial customers, such as integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, mortuaries and high technology electronics manufacturers, as well as scientific and medical laboratories..