ValuEngine upgraded shares of Leatt (OTCMKTS:LEAT) from a sell rating to a hold rating in a research note released on Tuesday morning, ValuEngine reports.

Shares of LEAT opened at $2.60 on Tuesday. Leatt has a 1-year low of $1.51 and a 1-year high of $2.75. The stock has a market cap of $14.81 million, a PE ratio of 10.40 and a beta of 0.27. The firm has a 50-day simple moving average of $2.52 and a two-hundred day simple moving average of $2.07. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.04 and a quick ratio of 1.17.

Leatt (OTCMKTS:LEAT) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.24 earnings per share for the quarter. Leatt had a net margin of 5.29% and a return on equity of 14.69%. The business had revenue of $9.65 million during the quarter.

About Leatt

Leatt Corporation designs, develops, markets, and distributes personal protective equipment for participants of motor sports and leisure activities worldwide. The company offers Leatt-Brace, an injection molded neck protection system designed to prevent injuries to the cervical spine and neck. It also provides Leatt helmet range for head and brain protection; and Leatt body armor range, including chest protectors, body protectors, back protectors, elbow guards, shoulder braces, knee braces, knee and leg guards, kidney belts, and impact shorts for use in various activities, such as horseback riding, snowboarding, skiing, and other activities.

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