StockNews.com downgraded shares of Lakeland Industries (NASDAQ:LAKE – Get Rating) from a buy rating to a hold rating in a research report report published on Monday morning.

Separately, TheStreet cut shares of Lakeland Industries from a b- rating to a c+ rating in a research report on Tuesday, August 30th.

Lakeland Industries Price Performance

LAKE stock opened at $11.57 on Monday. The business has a 50 day simple moving average of $14.81 and a 200-day simple moving average of $16.58. The firm has a market capitalization of $86.95 million, a PE ratio of 20.66 and a beta of 0.38. Lakeland Industries has a 1 year low of $11.20 and a 1 year high of $22.21.

Insiders Place Their Bets

Hedge Funds Weigh In On Lakeland Industries

A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in shares of Lakeland Industries by 1.2% during the first quarter. Royal Bank of Canada now owns 68,473 shares of the medical instruments supplier's stock valued at $1,314,000 after acquiring an additional 799 shares during the period. UBS Group AG lifted its stake in shares of Lakeland Industries by 64.2% in the 1st quarter. UBS Group AG now owns 2,347 shares of the medical instruments supplier's stock valued at $45,000 after purchasing an additional 918 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Lakeland Industries by 2.6% in the 1st quarter. Bank of New York Mellon Corp now owns 38,910 shares of the medical instruments supplier's stock valued at $747,000 after purchasing an additional 969 shares during the last quarter. North Star Investment Management Corp. raised its holdings in Lakeland Industries by 0.6% in the 1st quarter. North Star Investment Management Corp. now owns 175,410 shares of the medical instruments supplier's stock worth $3,366,000 after acquiring an additional 1,000 shares during the period. Finally, State Street Corp increased its holdings in shares of Lakeland Industries by 4.4% during the 1st quarter. State Street Corp now owns 29,161 shares of the medical instruments supplier's stock worth $560,000 after purchasing an additional 1,220 shares during the period. Institutional investors own 75.10% of the company's stock.

Lakeland Industries Company Profile

(Get Rating)

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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