Lakeland Industries (LAKE) Jumps: Stock Moves 9% Higher

Lakeland Industries, Inc. LAKE was a big mover last session, as the company saw its shares rise almost 9% on the day. The upside was driven after the company reported solid first-quarter fiscal 2018 results. This also led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $10.75 to $11.85 in the past one-month time frame.

None of the estimates for this stock were revised in the last 30 days and the Zacks Consensus Estimate also remained unchanged. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Currently, Lakeland Industries carries a Zacks Rank #3 (Hold).

A better-ranked stock in the same industry is Allegion plc ALLE, carrying a Zacks Rank #2(Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

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