Stanley Furniture Co. (STLY) Sees Large Volume Increase
Shares of Stanley Furniture Co. (NASDAQ:STLY) saw unusually-strong trading volume on Friday . Approximately 114,180 shares traded hands during trading, an increase of 123% from the previous session’s volume of 51,149 shares.The stock last traded at $3.32 and had previously closed at $3.33.
A number of research analysts have recently issued reports on STLY shares. Zacks Investment Research cut Stanley Furniture from a “hold” rating to a “strong sell” rating in a research note on Friday, July 29th. TheStreet cut Stanley Furniture from a “hold” rating to a “sell” rating in a research note on Monday, July 25th.
The company has a market cap of $48.80 million and a PE ratio of 39.5226. The stock’s 50-day moving average price is $2.58 and its 200 day moving average price is $2.57.
Stanley Furniture (NASDAQ:STLY) last issued its quarterly earnings data on Monday, July 25th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.09. During the same quarter in the prior year, the business posted $0.09 earnings per share. The firm had revenue of $12.05 million for the quarter. The business’s revenue was down 20.4% on a year-over-year basis. Equities analysts anticipate that Stanley Furniture Co. will post ($0.26) EPS for the current fiscal year.
The company also recently announced a special dividend, which will be paid on Friday, August 19th. Investors of record on Friday, August 12th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, August 10th.
Stanley Furniture Company, Inc is a design, marketing and sourcing resource in the wood residential furniture market. The Company’s segment is sale of residential wood furniture products. The Company markets its brands through a network of brick-and-mortar furniture retailers, online retailers and interior designers around the world.
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