Stanley Furniture Co. (NASDAQ:STLY) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $3.65 and last traded at $3.54, with a volume of 96,961 shares. The stock had previously closed at $3.58.

STLY has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Stanley Furniture from a “buy” rating to a “strong sell” rating in a research report on Friday, April 22nd. TheStreet downgraded shares of Stanley Furniture from a “hold” rating to a “sell” rating in a research report on Monday, July 25th.

The firm’s 50 day moving average is $2.66 and its 200 day moving average is $2.60. The stock has a market cap of $52.62 million and a PE ratio of 42.62.

Stanley Furniture (NASDAQ:STLY) last released its quarterly earnings results on Monday, July 25th. The company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.09. The firm had revenue of $12.05 million for the quarter. During the same period last year, the business earned $0.09 EPS. The business’s revenue was down 20.4% on a year-over-year basis. Analysts predict that Stanley Furniture Co. will post ($0.26) earnings per share for the current year.

The company also recently declared a special dividend, which will be paid on Friday, August 19th. Stockholders of record on Friday, August 12th will be given 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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