Boston, MA 10/10/2014 (wallstreetpr) – Lakeland Industries, Inc. (NASDAQ:LAKE’s) shares triumphed near to its all time high, jumping almost 52.50% on Thursday, after the Ebola scare touched Dallas. The first US patient, who had got affected by Ebola, passed away this Wednesday. The extent of Ebola’s scourge is known to all and sundry, after the devastations that happened across West Africa.
Hazmat, A Trump Card
LAKE is a manufacturer of a newly announced product called hazmat, that suits in preventing being affected and diagnosed by the scary Ebola virus. The upsurge and jumps portray the degree of interest that the investors are taking in Lakeland Industries, Inc. (NASDAQ:LAKE) and its shares. Sometime in September, LAKE had come up with an announcement that its product, hazmat has the competency and capabilities to prevent the widespread outbreak that Ebola is already popular to cause!
Strengths Versus Weanesses
Lakeland Industries, Inc. (NASDAQ:LAKE) has a multitude of avenues to show its strength. It is faring well in terms of exquisite stock performance, augmenting positives, reasonable debt levels, and guarantees for notable returns on the available equity. Though there hasn’t been a prudent growth in the net income aspects, profit margins have been fairly poor and operating cash flow has incidentally been weakened.
LAKE’s Track Record
This impressive rally that LAKE is a part of, has lured investors – short sellers and myriad momentum traders alike. Precisely, share price has shot up by 54.73%. In the last quarter, LAKE had a decline in net EPS. The EPS hasn’t quite notched up the requisite gain and a directional trend is yet to be framed. Net operating cash plummeted by 459.11% YoY. The average growth rate is not so formidable!
This creates a scenario of confusion for investors, as mere Ebola scare can’t escalate LAKE to heights, in a quite sustainable vein, over the coming days. However, seeing the current trends, it would be benefitting to invest in Lakeland Industries, Inc. (NASDAQ:LAKE) over a short term, especially as the sales of hazmat gains prominence in the upcoming days.