Tandy Leather Factory (NASDAQ:TLF) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Shares of Tandy Leather Factory, Inc. (NASDAQ:TLF) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.59 and traded as low as $2.34. Tandy Leather Factory shares last traded at $2.39, with a volume of 21,765 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Tandy Leather Factory in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Tandy Leather Factory currently has a consensus rating of “Sell”.

Tandy Leather Factory Trading Up 1.3%

The firm has a 50 day moving average of $2.36 and a two-hundred day moving average of $2.59. The stock has a market capitalization of $19.45 million, a PE ratio of -9.96 and a beta of 0.48.

Tandy Leather Factory (NASDAQ:TLF) last posted its earnings results on Monday, May 11th. The textile maker reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08). The firm had revenue of $19.65 million during the quarter, compared to analyst estimates 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. lifted its stake in shares of Tandy Leather Factory, Inc. (NASDAQ:TLF) by 35.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,792 shares of the textile maker’s stock after acquiring an additional 15,233 shares during the period. Values First Advisors Inc. owned 0.72% of Tandy Leather Factory worth $134,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 56.41% of the company’s stock.

About Tandy Leather Factory

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.