Recent exceptional negative changes in investment behavior have affected Lakeland Industries Inc (NASDAQ: LAKE): the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.
Recent small negative changes in fundamentals have impacted Lakeland Industries Inc (NASDAQ: LAKE): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
LAKE is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Lakeland Industries has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Lakeland Industries has a neutral Appreciation Score of 46 but a good Power Rating of 78, and the High Neutral Value Trend Rating results.
Recent Price Action
On 3/19/24, Lakeland Industries Inc (NASDAQ: LAKE) stock declined slightly by -0.8%, closing at $15.58. Moreover, trading volume in this decline was exceptionally high at 219% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but is unchanged during the last week.
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