Somewhat Positive Media Coverage Somewhat Unlikely to Affect Lakeland Industries (LAKE) Share Price
Media stories about Lakeland Industries (NASDAQ:LAKE) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Lakeland Industries earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the medical instruments supplier an impact score of 45.7412481382368 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of brokerages recently weighed in on LAKE. Zacks Investment Research upgraded shares of Lakeland Industries from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Thursday, February 8th. TheStreet downgraded shares of Lakeland Industries from a “b” rating to a “c+” rating in a research report on Friday, December 15th.
Lakeland Industries stock traded up $0.20 during midday trading on Friday, reaching $12.95. 11,000 shares of the company traded hands, compared to its average volume of 28,530. The company has a market cap of $103.48, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 1.42 and a beta of -0.06. Lakeland Industries has a 12 month low of $9.90 and a 12 month high of $17.18. The company has a quick ratio of 3.21, a current ratio of 6.43 and a debt-to-equity ratio of 0.02.
Lakeland Industries, Inc manufactures and sells a range of safety garments and accessories for the industrial and public protective clothing market in the United States and internationally. The company offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, and hazardous chemical and biological toxins; and fire fighting and heat protective apparel, which protects against fire, burns, and excessive heat.
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