Shares of Tandy Leather Factory, Inc. (NASDAQ:TLF – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.58 and traded as low as $2.29. Tandy Leather Factory shares last traded at $2.31, with a volume of 33,133 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings lowered Tandy Leather Factory from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.
Read Our Latest Analysis on TLF
Tandy Leather Factory Stock Performance
Tandy Leather Factory (NASDAQ:TLF – Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The textile maker reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The business had revenue of $19.65 million for the quarter, compared to the consensus estimate of $23.89 million. Tandy Leather Factory had a negative net margin of 2.94% and a negative return on equity of 4.31%.
Institutional Trading of Tandy Leather Factory
An institutional investor recently raised its position in Tandy Leather Factory stock. Values First Advisors Inc. grew its holdings in shares of Tandy Leather Factory, Inc. (NASDAQ:TLF – Free Report) by 35.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,792 shares of the textile maker’s stock after acquiring an additional 15,233 shares during the quarter. Values First Advisors Inc. owned about 0.72% of Tandy Leather Factory worth $134,000 at the end of the most recent quarter. 56.41% of the stock is currently owned by hedge funds and other institutional investors.
Tandy Leather Factory Company Profile
Tandy Leather Factory, Inc engages in the distribution of leather and related products. It offers leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. It operates through North America and International geographical segments. The North America geographical segment consists of 115 stores, which offer a broad selection of products combined with leathercraft expertise in a one-stop shop. The International geographical segment comprises of similar to North America segment but generally located in light industrial areas.
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