Tandy Leather Factory (NASDAQ:TLF) Stock Breaks Below Two Hundred Day Moving Average – Time to Sell?

Tandy Leather Factory, Inc. (NASDAQ:TLF – Get Free Report)’s stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $2.43 and traded as low as $2.28. Tandy Leather Factory shares last traded at $2.32, with a volume of 3,106 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tandy Leather Factory in a research report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Tandy Leather Factory presently has a consensus rating of “Sell”.

View Our Latest Analysis on Tandy Leather Factory

Tandy Leather Factory Price Performance

The stock has a market capitalization of $18.67 million, a P/E ratio of -13.41 and a beta of 0.59. The stock’s fifty day moving average is $2.54 and its 200-day moving average is $2.43.

Tandy Leather Factory (NASDAQ:TLF – Get Free Report) last posted its earnings results on Tuesday, August 11th. The textile maker reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.06). The company had revenue of $18.04 million for the quarter, compared to the consensus estimate of $23.89 million. Tandy Leather Factory had a negative net margin of 2.14% and a negative return on equity of 3.31%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Tandy Leather Factory stock. George Kaiser Family Foundation bought a new position in shares of Tandy Leather Factory, Inc. (NASDAQ:TLF – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 43,443 shares of the textile maker’s stock, valued at approximately $101,000. George Kaiser Family Foundation owned 0.53% of Tandy Leather Factory as of its most recent SEC filing. 56.41% of the stock is currently owned by institutional investors.

Tandy Leather Factory Company Profile

(Get Free Report)

Tandy Leather Factory, Inc is a specialty retailer and wholesaler of leather and leathercraft supplies. The company serves hobbyists, artisans, small businesses, manufacturers, educators and other customers seeking materials and tools for leatherworking and related crafts.

Its product range includes leather hides and pieces, leatherworking tools, hardware, lacing, dyes, finishes, adhesives, patterns, kits and other craft supplies. Tandy Leather sells products through its retail stores and e-commerce channels, while also supplying commercial and wholesale customers.

The company traces its roots to the Tandy organization, which entered the leathercraft business in the mid-20th century.

Further Reading

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