Flexsteel Industries, Inc. (NASDAQ:FLXS) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Flexsteel Industries (FLXS) traded down 1.02% on Wednesday, reaching $56.38. 19,367 shares of the company traded hands. Flexsteel Industries has a 52-week low of $39.98 and a 52-week high of $62.99. The firm has a market cap of $440.61 million, a P/E ratio of 18.49 and a beta of 1.98. The stock has a 50-day moving average price of $54.12 and a 200-day moving average price of $52.61.

Flexsteel Industries (NASDAQ:FLXS) last issued its quarterly earnings data on Thursday, April 20th. The company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.11 by $0.15. Flexsteel Industries had a return on equity of 11.03% and a net margin of 5.05%. The business had revenue of $120.75 million during the quarter. Analysts anticipate that Flexsteel Industries will post $3.24 earnings per share for the current fiscal year.

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Flexsteel Industries Company Profile

Flexsteel Industries, Inc is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. The Company offers its products for contract under categories, such as hospitality, healthcare, senior living, government and commercial office.

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