Tandy Leather Factory (NASDAQ:TLF) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Tandy Leather Factory, Inc. (NASDAQ:TLF)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.53 and traded as low as $2.33. Tandy Leather Factory shares last traded at $2.37, with a volume of 135,593 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Tandy Leather Factory from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Tandy Leather Factory has an average rating of “Sell”.

Tandy Leather Factory Trading Up 2.6%

The company’s fifty day simple moving average is $2.35 and its 200 day simple moving average is $2.53. The stock has a market capitalization of $19.29 million, a P/E ratio of -9.88 and a beta of 0.47.

Tandy Leather Factory (NASDAQ:TLF) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $23.89 million. Tandy Leather Factory had a negative return on equity of 4.31% and a negative net margin of 2.94%.

Institutional Investors Weigh In On Tandy Leather Factory

A hedge fund recently bought a new position in Tandy Leather Factory stock. NewEdge Advisors LLC acquired a new stake in Tandy Leather Factory, Inc. (NASDAQ:TLF) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 12,573 shares of the textile maker’s stock, valued at approximately $39,000. NewEdge Advisors LLC owned approximately 0.15% of Tandy Leather Factory as of its most recent filing with the SEC. Institutional investors own 56.41% of the company’s stock.

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.