Research analysts at Singular Research assumed coverage on shares of Lakeland Industries (NASDAQ: LAKE) in a report issued on Tuesday. They set a “buy” rating and a $14.75 price target on the stock.
Lakeland Industries, Inc. (Lakeland) manufactures and sells a line of safety garments and accessories for the industrial protective clothing market. The Company’s products are sold to 1,000 safety and mill supply distributors, which in turn supply end-user industrial customers, such as integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, mortuaries and high technology electronics manufacturers, as well as scientific and medical laboratories. In addition, the Company supplies federal, state and local governmental agencies and departments, such as fire and police departments, airport crash rescue units, the Department of Defense, the Department of Homeland Security and the Centers for Disease Control.
Shares of Lakeland Industries traded up 1.73% during mid-day trading on Tuesday, hitting $9.42. Lakeland Industries has a one year low of $6.57 and a one year high of $9.98. The stock’s 50-day moving average is $8.81 and its 200-day moving average is $7.98. The company has a market cap of $49.2 million and a P/E ratio of 22.00.