Stock Rating Upgrade
In recent days the Value Trend Rating for Lakeland Industries Inc (NASDAQ: LAKE) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Lakeland Industries Inc (NASDAQ: LAKE) stock closed at $16.48 on 4/19/24 after a modest gain of 0.4%. However, below average trading volume at 82% of normal accompanied the advance. The stock has declined -1.9% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
LAKE is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Lakeland Industries has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Lakeland Industries has a slightly positive Appreciation Score of 61 and a good Power Rating of 74, triggering the Positive Value Trend Rating.
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