Lakeland Industries (LAKE) Receiving Somewhat Favorable Media Coverage, Accern Reports
Media stories about Lakeland Industries (NASDAQ:LAKE) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lakeland Industries earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave media stories about the medical instruments supplier an impact score of 46.1838372918927 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- New Strong Buy Stocks for October 18th (finance.yahoo.com)
- ETFs with exposure to Lakeland Industries, Inc. : October 16, 2017 (finance.yahoo.com)
- Should Value Investors Pick Lakeland Industries (LAKE) Stock? (finance.yahoo.com)
- Industrial Gloves Market Is Expected to Reach 216,048 Mn Pair by 2025 (sbwire.com)
Lakeland Industries (NASDAQ LAKE) traded down 1.90% during midday trading on Thursday, reaching $15.50. The company’s stock had a trading volume of 27,195 shares. The stock’s 50-day moving average price is $14.29 and its 200 day moving average price is $13.23. Lakeland Industries has a 1-year low of $9.61 and a 1-year high of $17.18. The firm has a market capitalization of $124.50 million, a PE ratio of 18.90 and a beta of -0.06.
Lakeland Industries (NASDAQ:LAKE) last announced its earnings results on Wednesday, September 13th. The medical instruments supplier reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $23.90 million during the quarter, compared to analysts’ expectations of $23.91 million. Lakeland Industries had a return on equity of 8.27% and a net margin of 6.65%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 EPS. Equities analysts anticipate that Lakeland Industries will post $0.85 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on LAKE shares. ValuEngine downgraded Lakeland Industries from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Roth Capital started coverage on Lakeland Industries in a research report on Wednesday, August 23rd. They set a “buy” rating and a $18.00 price target on the stock. Zacks Investment Research raised Lakeland Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, TheStreet raised Lakeland Industries from a “c+” rating to a “b” rating in a research report on Wednesday, June 28th.
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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.
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