Haverty Furniture Companies (NYSE:HVT.A) Shares Cross Below 50-Day Moving Average – Time to Sell?

Haverty Furniture Companies, Inc. (NYSE:HVT.A)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $23.58 and traded as low as $23.37. Haverty Furniture Companies shares last traded at $24.75, with a volume of 1,067 shares trading hands.

Haverty Furniture Companies Stock Up 6.5%

The firm has a market capitalization of $398.23 million, a price-to-earnings ratio of 20.63 and a beta of 0.83. The business’s 50-day simple moving average is $23.58 and its two-hundred day simple moving average is $24.71.

Haverty Furniture Companies (NYSE:HVT.A) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share for the quarter. The company had revenue of $189.05 million for the quarter.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc is a publicly traded real estate investment trust specializing in owning and managing retail and distribution properties for the furniture industry. Established in 2019 as a spin-off from Havertys Furniture Stores, Inc, the company’s portfolio consists of strategically located facilities—including showroom locations and distribution centers—leased primarily to its former parent under long-term, net lease agreements. By focusing on single-tenant commercial real estate tailored to furniture retailing and logistics, Haverty Furniture Companies aims to deliver stable, predictable rental income and to support the growth of its tenant’s national retail network.

At the time of its formation, Haverty Furniture Companies acquired a mix of properties encompassing corporate distribution centers, regional distribution hubs and retail showrooms across several key markets in the Southeastern and Southwestern United States.