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Stock impact report

Leatt: 52-Week Low Provides Attractive Entry Opportunity [Seeking Alpha]

LEATT CORP (LEAT) 
NASDAQ:AMEX Investor Relations: leatt-corp.com
Company Research Source: Seeking Alpha
Artur Didyk/iStock via Getty ImagesInvestment ThesisAs socially distanced activities, motorcycle racing and mountain biking saw a surge during COVID and Leatt Corporation (OTCQB:LEATdeceleration led to a 50% drop to todayâ??s $16.75. While 2022 and 2023 may see negative revenue growth due to difficult YoY comparisons, Leatt should return to growth in 2024 due to overall industry growth, current market share gains and expansion into new markets. The stock price should rebound accordingly.Company OverviewLeatt Corporation is a designer and distributor of protective gear and apparel targeted to motorcycle racers and mountain bikers. Founded in 2005 by the eponymous Dr. Chris Leatt after witnessing a fellow riderâ??s death, Leattâ??s first product was protective neck braces. Over the years Leatt expanded into othergear for motorcyclists and mountain bikers and now covers â??head-to-toe protectionâ? products such as helmets, goggles, chest protectors, gloves, knee braces and knee pads as Show less Read more
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