The Container Store Group (NYSE:TCS) Share Price Crosses Below 200 Day Moving Average of $1.62

The Container Store Group, Inc. (NYSE:TCS) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.62 and traded as low as $0.87. The Container Store Group shares last traded at $0.87, with a volume of 60,328 shares traded.

The Container Store Group Stock Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.37 and a current ratio of 1.21. The business has a 50-day moving average price of $1.11 and a 200-day moving average price of $1.62.

The Container Store Group (NYSE:TCS) last issued its quarterly earnings data on Tuesday, February 6th. The specialty retailer reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. The firm had revenue of $214.90 million during the quarter, compared to analysts’ expectations of $214.06 million. The Container Store Group had a negative return on equity of 2.08% and a negative net margin of 25.64%. On average, equities analysts expect that The Container Store Group, Inc. will post -0.35 EPS for the current year.

Institutional Investors Weigh In On The Container Store Group

Hedge funds have recently made changes to their positions in the stock. Quadrature Capital Ltd purchased a new stake in The Container Store Group in the fourth quarter valued at about $34,000. Platform Technology Partners acquired a new position in shares of The Container Store Group in the third quarter valued at about $47,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of The Container Store Group in the third quarter valued at about $77,000. Barclays PLC increased its holdings in shares of The Container Store Group by 68.0% in the third quarter. Barclays PLC now owns 111,109 shares of the specialty retailer’s stock valued at $250,000 after purchasing an additional 44,976 shares during the period. Finally, Zazove Associates LLC acquired a new position in shares of The Container Store Group in the fourth quarter valued at about $621,000. 67.11% of the stock is currently owned by hedge funds and other institutional investors.

The Container Store Group Company Profile

The Container Store Group, Inc operates as a specialty retailer of organizing solutions, custom spaces, and in-home organizing services in the United States. The company operates in two segments, The Container Store and Elfa. Its stores provide custom space offerings; countertop organizers, cosmetic and jewelry organizers, shower and bathtub organizers, drawer organization, and cabinet storage products; closets; and ventilated and solid shelving and drawer components and systems, wall and door rack solutions, accessories, utility and garage systems, and sliding doors.