Extremely important negative changes in investment behavior have recently occurred for Lakeland Industries Inc (NASDAQ: LAKE): negative upside/downside volume developed, its shorter term price trend turned down, and the stock fell on very heavy volume.
Minimal negative changes in Lakeland Industries Inc (NASDAQ: LAKE) fundamentals have recently occurred: 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
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, LAKE is expected to continue to be Value Creation neutral.
Lakeland Industries has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Lakeland Industries has a slightly negative Appreciation Score of 39 but a good Power Rating of 76, and the Neutral Value Trend Rating results.
Recent Price Action
Lakeland Industries Inc (NASDAQ: LAKE) stock declined by -4.9% on 4/11/24. The shares closed at $16.80. Moreover, trading volume in this decline was exceptionally high at 333% of normal. The stock has been strong relative to the market over the last nine months but has declined -9.1% during the last week.
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