Stanley Furniture Co. (STLY) Shares Down 8.5%
Shares of Stanley Furniture Co. (NASDAQ:STLY) traded down 8.5% during mid-day trading on Tuesday . The stock traded as low as $2.25 and last traded at $2.36, with a volume of 134,918 shares changing hands. The stock had previously closed at $2.58.
Several analysts recently issued reports on the company. Zacks Investment Research upgraded Stanley Furniture from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 21st. TheStreet raised Stanley Furniture from a “sell” rating to a “hold” rating in a report on Friday, August 19th.
The firm’s 50-day moving average is $2.82 and its 200 day moving average is $2.64. The company has a market capitalization of $31.31 million and a PE ratio of 25.36.
Stanley Furniture (NASDAQ:STLY) last issued its quarterly earnings data on Monday, July 25th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.09. The firm earned $12.05 million during the quarter. During the same period in the prior year, the firm earned $0.09 earnings per share. The company’s revenue for the quarter was down 20.4% on a year-over-year basis. Equities analysts anticipate that Stanley Furniture Co. will post ($0.26) earnings per share for the current fiscal year.
The business also recently disclosed a special dividend, which was paid on Friday, August 19th. Stockholders of record on Friday, August 12th were paid a $1.25 dividend. The ex-dividend date was 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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