Lakeland Industries (LAKE) Receiving Somewhat Positive Press Coverage, Accern Reports

Headlines about Lakeland Industries (NASDAQ:LAKE) have trended somewhat positive on Tuesday, Accern Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Lakeland Industries earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned media coverage about the medical instruments supplier an impact score of 45.9248719460863 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news articles that may have impacted Accern Sentiment’s analysis:

Lakeland Industries (NASDAQ LAKE) opened at $13.95 on Tuesday. Lakeland Industries has a 1 year low of $9.85 and a 1 year high of $17.18. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.70 and a current ratio of 5.75. The firm has a market cap of $116.87, a PE ratio of 17.74, a P/E/G ratio of 1.74 and a beta of -0.03.

Lakeland Industries (NASDAQ:LAKE) last released its quarterly earnings results on Wednesday, September 13th. The medical instruments supplier reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.05. Lakeland Industries had a net margin of 6.65% and a return on equity of 8.27%. The firm had revenue of $23.90 million during the quarter, compared to the consensus estimate of $23.91 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. analysts forecast that Lakeland Industries will post 0.84 earnings per share for the current year.

LAKE has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Lakeland Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Roth Capital initiated coverage on shares of Lakeland Industries in a research report on Wednesday, August 23rd. They set a “buy” rating and a $18.00 price target for the company. Finally, ValuEngine upgraded shares of Lakeland Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.

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Lakeland Industries Company Profile

Lakeland Industries, Inc (Lakeland) manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Company’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.

Insider Buying and Selling by Quarter for Lakeland Industries (NASDAQ:LAKE)

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