Leatt (OTCMKTS:LEAT) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Leatt Co. (OTCMKTS:LEATGet Free Report)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.43 and traded as low as $5.01. Leatt shares last traded at $5.73, with a volume of 16,815 shares traded.

Leatt Stock Down 12.1 %

The firm has a market capitalization of $35.63 million, a P/E ratio of -11.46 and a beta of 1.11. The firm’s 50-day simple moving average is $7.09 and its 200-day simple moving average is $7.43.

Leatt (OTCMKTS:LEATGet Free Report) last announced its quarterly earnings results on Friday, March 28th. The company reported ($0.07) earnings per share (EPS) for the quarter. Leatt had a negative net margin of 7.54% and a negative return on equity of 8.20%. The company had revenue of $11.20 million for the quarter.

About Leatt

(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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