Leatt (OTCMKTS:LEAT) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Leatt Co. (OTCMKTS:LEATGet Free Report)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $7.38 and traded as low as $7.17. Leatt shares last traded at $7.17, with a volume of 226 shares changing hands.

Leatt Trading Up 1.6 %

The company has a market capitalization of $44.53 million, a P/E ratio of -14.33 and a beta of 1.30. The firm has a fifty day moving average of $7.38 and a 200 day moving average of $7.54.

Leatt (OTCMKTS:LEATGet Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $12.14 million for the quarter. Leatt had a negative return on equity of 8.20% and a negative net margin of 7.54%.

Leatt Company Profile

(Get Free Report)

Leatt Corporation designs, develops, markets, and distributes personal protective equipment for participants of motor sports and leisure activities worldwide. The company offers Leatt-Brace system, an injection molded neck protection system designed to prevent injuries to the cervical spine and neck.

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