Tandy Leather Factory (NASDAQ:TLF) Shares Pass Below 200 Day Moving Average – Should You Sell?

Shares of Tandy Leather Factory, Inc. (NASDAQ:TLF) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.51 and traded as low as $2.34. Tandy Leather Factory shares last traded at $2.35, with a volume of 2,958 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Tandy Leather Factory from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Tandy Leather Factory Trading Down 0.8%

The business has a 50-day moving average of $2.36 and a two-hundred day moving average of $2.51. The firm has a market cap of $19.13 million, a P/E ratio of -9.79 and a beta of 0.47.

Tandy Leather Factory (NASDAQ:TLF) last posted its earnings results on Monday, May 11th. The textile maker reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). Tandy Leather Factory had a negative net margin of 2.94% and a negative return on equity of 4.31%. The firm had revenue of $19.65 million during the quarter, compared to the consensus estimate of $23.89 million.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Tandy Leather Factory stock. NewEdge Advisors LLC bought a new position in shares of Tandy Leather Factory, Inc. (NASDAQ:TLF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,573 shares of the textile maker’s stock, valued at approximately $39,000. NewEdge Advisors LLC owned 0.15% of Tandy Leather Factory at the end of the most recent reporting period. 56.41% of the stock is owned by institutional investors and hedge funds.

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.