BUZZ-Lakeland Industries Inc: Continues to trade higher on Ebola spread

Thu Oct 9, 2014 9:26am EDT
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** Hazmat suits maker's shares up 6.1 pct at $12.33 premarket, a price they last touched in October 2008

** The spread of the Ebola virus is expected to boost demand for company's safety garments and accessories

** "The company announced adding capacity in response to the increasing demand for specialty protective suits to be worm by healthcare workers and others being exposed to Ebola," H.C. Wainwright & Co analyst Amit Dayal says

** The first case of Ebola in the United States was confirmed on Sept. 30

** Lakeland shares have risen more than 67 pct since then through Wednesday's close, outperforming the 13 pct rise in the stock of Tekmira Pharmaceuticals Corp, which is developing an Ebola drug

** Lakeland stock has closed above its 50-day moving average every day since Monday, Sept. 15

** That previous Friday the company had said it would boost manufacturing capacity in response to increasing demand