Lincoln Electric Holdings, Inc. (LECO) shows strength in early trades
By Mark Moneymaster
October 30, 2009 10:15 AM
October 30, 2009 10:15 AM
Symbols: LECO
Lincoln Electric Holdings, Inc. (NASDAQ: LECO) has kicked off the Friday's session with a gap-up oepning.
Lincoln Electric Holdings, Inc. (NASDAQ: LECO) is already up by 12.2% in early trades, and its daily candlesticks chart has already breached the 50 days and 200 days MA.
Lincoln Electric Holdings, Inc. (Nasdaq: LECO) recently reported 2009 Q3 net income of $12.8 million, on a sales of $441.8 million.
Operating income for the third quarter increased sequentially to $33.2 million, or 7.5% of sales from 4.7% of sales in the Q2 of 2009.
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