Tandy Leather Factory (NASDAQ:TLF) Stock Crosses Below 200 Day Moving Average – What’s Next?

Tandy Leather Factory, Inc. (NASDAQ:TLF) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.52 and traded as low as $2.34. Tandy Leather Factory shares last traded at $2.34, with a volume of 13,807 shares changing hands.

Analyst Ratings Changes

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

Tandy Leather Factory Stock Down 2.9%

The firm has a market cap of $19.05 million, a price-to-earnings ratio of -9.75 and a beta of 0.47. The company’s 50-day moving average price is $2.36 and its 200-day moving average price is $2.52.

Tandy Leather Factory (NASDAQ:TLF) last announced 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 business had revenue of $19.65 million for 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 Trading of Tandy Leather Factory

An institutional investor recently bought a new position in Tandy Leather Factory stock. NewEdge Advisors LLC bought a new stake in Tandy Leather Factory, Inc. (NASDAQ:TLF) in the second quarter, according to its most recent filing with the Securities & 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 quarter. 56.41% of the stock is currently owned by hedge funds and other institutional investors.

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.