Lakeland Industries (NASDAQ:LAKE) issued its earnings results on Tuesday. The medical instruments supplier reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.08), Fidelity Earnings reports. Lakeland Industries had a return on equity of 32.40% and a net margin of 22.08%.
Shares of NASDAQ:LAKE opened at $26.43 on Thursday. The company’s fifty day moving average is $26.91. The firm has a market cap of $212.15 million and a PE ratio of 6.12. Lakeland Industries has a one year low of $17.88 and a one year high of $47.95.
An institutional investor recently raised its position in Lakeland Industries stock. Morgan Stanley raised its stake in shares of Lakeland Industries, Inc. (NASDAQ:LAKE) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,822 shares of the medical instruments supplier’s stock after buying an additional 1,095 shares during the quarter. Morgan Stanley owned about 0.21% of Lakeland Industries worth $469,000 at the end of the most recent reporting period. 67.73% of the stock is currently owned by institutional investors.
Lakeland Industries Company Profile
Lakeland Industries, Inc manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It 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, toxic and/or lethal chemicals, and biological toxins; and firefighting and heat protective apparel to protect against fire.
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