Tuesday Morning Corp. (NASDAQ:TUES) shares traded down 2.4% on Wednesday . The company traded as low as $7.49 and last traded at $7.60, with a volume of 143,719 shares changing hands. The stock had previously closed at $7.79.

A number of research analysts have weighed in on the company. B. Riley reaffirmed a “neutral” rating and set a $9.00 target price on shares of Tuesday Morning Corp. in a report on Monday, May 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $11.00 price target (up previously from $9.00) on shares of Tuesday Morning Corp. in a research report on Monday, May 2nd. Finally, Zacks Investment Research upgraded Tuesday Morning Corp. from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a research report on Tuesday, July 12th.

The firm has a market capitalization of $328.80 million and a PE ratio of 97.53. The stock’s 50 day moving average price is $7.62 and its 200 day moving average price is $7.28.

An institutional investor recently bought a new position in Tuesday Morning Corp. stock. Ancora Advisors LLC bought a new position in shares of Tuesday Morning Corp. (NASDAQ:TUES) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 51,735 shares of the company’s stock, valued at approximately $1,123,000. Ancora Advisors LLC owned 0.12% of Tuesday Morning Corp. at the end of the most recent reporting period.

Tuesday Morning Corporation, is a merchandise and retail company. The Company is a retailer of off-price, upscale decorative home accessories, housewares, seasonal goods and gifts that sell below retail prices charged by department stores and specialty and on-line retailers in the United States. The Company sells upscale home furnishings, housewares, gifts and other related items.

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