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

Tandy Leather Factory, Inc. (NASDAQ:TLF) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.58 and traded as low as $2.29. Tandy Leather Factory shares last traded at $2.31, with a volume of 33,133 shares.

Wall Street Analysts Forecast Growth

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

Tandy Leather Factory Trading Up 0.4%

The firm has a market cap of $18.80 million, a PE ratio of -9.63 and a beta of 0.48. The stock has a fifty day simple moving average of $2.36 and a two-hundred day simple moving average of $2.58.

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 analysts’ consensus estimates of $0.11 by ($0.08). The company had revenue of $19.65 million for the quarter, compared to analysts’ expectations 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 Inflows and Outflows

A hedge fund recently bought a new stake in Tandy Leather Factory stock. NewEdge Advisors LLC bought a new stake in shares of Tandy Leather Factory, Inc. (NASDAQ:TLF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 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 SEC filing. 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.