Lakeland Industries Inc (NASDAQ: LAKE). Extremely significant negative changes in investment behavior have recently occurred: negative upside/downside volume developed, its shorter term price trend turned down, and the stock fell on very heavy volume.
Marginal 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
LAKE’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
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 43 but a good Power Rating of 82, and the High Neutral Value Trend Rating results.
Recent Price Action
Lakeland Industries Inc (NASDAQ: LAKE) stock suffered a large decline of -7.7% on 3/4/24. The stock closed at $15.98. Moreover, this decline was accompanied by exceptionally high trading volume at 303% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -13.2% during the last week.
Be the first to comment