Tuesday Morning Corp. (NASDAQ:TUES) shares shot up 3.3% on Thursday . The stock traded as high as $7.78 and last traded at $7.76, with a volume of 83,628 shares. The stock had previously closed at $7.51.

Several brokerages have weighed in on TUES. B. Riley reissued a “neutral” rating and set a $9.00 price objective on shares of Tuesday Morning Corp. in a report on Monday, May 2nd. Stifel Nicolaus reissued a “buy” rating and set a $11.00 price objective (up from $9.00) on shares of Tuesday Morning Corp. in a report on Monday, May 2nd. Finally, Zacks Investment Research raised shares of Tuesday Morning Corp. from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a report on Tuesday, July 12th.

The company’s 50-day moving average is $7.64 and its 200-day moving average is $7.28. The firm has a market capitalization of $341.49 million and a price-to-earnings ratio of 101.30.

A hedge fund recently bought a new stake 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 filing with the SEC. The firm bought 51,735 shares of the company’s stock, valued at approximately $1,123,000. Ancora Advisors LLC owned about 0.12% of Tuesday Morning Corp. at the end of the most recent quarter.

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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