NEW YORK (TheStreet) -- Lakeland Industries (LAKE) shares are up 6.23% to $11.93 in trading on Wednesday, hours ahead of the release of the company's third quarter earnings results after the closing bell today.
The company makes clothing and enclosures designed to protect workers and contain viruses and contaminants like the Ebola virus. The stock climbed as high as $29 in the first half of October at a time when the threat of an Ebola pandemic was constant news.
A couple of weeks ago the company said that it expects third quarter sales in North America to be up about 15% over the same quarter last year to between $14.5 million and $14.7 million during the period.
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TheStreet Ratings team rates LAKELAND INDUSTRIES INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate LAKELAND INDUSTRIES INC (LAKE) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins."