Armstrong Flooring Inc. (AFI) Sees Unusually-High Trading Volume
Shares of Armstrong Flooring Inc. (NYSE:AFI) saw strong trading volume on Tuesday . 230,265 shares changed hands during mid-day trading, an increase of 75% from the previous session’s volume of 131,384 shares.The stock last traded at $17.88 and had previously closed at $17.86.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Armstrong Flooring from a “hold” rating to a “sell” rating in a research note on Tuesday. SunTrust Banks Inc. cut shares of Armstrong Flooring from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Monday. Gabelli assumed coverage on shares of Armstrong Flooring in a research report on Tuesday, August 9th. They issued a “buy” rating for the company. Finally, Stifel Nicolaus assumed coverage on shares of Armstrong Flooring in a research report on Wednesday, June 22nd. They issued a “hold” rating for the company.
The company has a market capitalization of $506.29 million and a PE ratio of 65.65. The firm has a 50-day moving average of $18.54 and a 200-day moving average of $16.58.
Armstrong Flooring (NYSE:AFI) last announced its quarterly earnings results on Friday, August 12th. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.05. The company earned $323.70 million during the quarter, compared to analyst estimates of $326.60 million. On average, equities analysts expect that Armstrong Flooring Inc. will post $0.58 earnings per share for the current fiscal year.
Armstrong Flooring, Inc is engaged in the designing and manufacturing of flooring solutions that inspire spaces where people live, work, learn, heal and play. The Company manufactures resilient and wood flooring products across North America. The Company safely and responsibly operates approximately 18 manufacturing facilities in three countries.
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