Leatt (OTCMKTS:LEAT) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Leatt Co. (OTCMKTS:LEAT) shares 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 trading hands.

Leatt Price Performance

The stock has a market capitalization of $35.63 million, a price-to-earnings ratio of -11.46 and a beta of 1.11. The stock has a 50-day moving average of $7.09 and a 200 day moving average of $7.42.

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

Leatt Company Profile

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.