Stanley Furniture Co. (STLY) Sees Strong Trading Volume
Stanley Furniture Co. (NASDAQ:STLY) saw an uptick in trading volume on Friday . 114,180 shares were traded during mid-day trading, an increase of 123% from the previous session’s volume of 51,149 shares.The stock last traded at $3.32 and had previously closed at $3.33.
A number of brokerages recently weighed in on STLY. TheStreet downgraded shares of Stanley Furniture from a “hold” rating to a “sell” rating in a report on Monday, July 25th. Zacks Investment Research raised shares of Stanley Furniture from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 21st.
The firm has a 50-day moving average price of $2.58 and a 200 day moving average price of $2.57. The company has a market cap of $48.80 million and a P/E ratio of 39.5226.
Stanley Furniture (NASDAQ:STLY) last announced its quarterly earnings results on Monday, July 25th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.09. During the same period last year, the business earned $0.09 earnings per share. The company earned $12.05 million during the quarter. Stanley Furniture’s revenue was down 20.4% on a year-over-year basis. On average, analysts predict that Stanley Furniture Co. will post ($0.26) earnings per share for the current fiscal year.
The firm also recently declared a special dividend, which will be paid on Friday, August 19th. Investors of record on Friday, August 12th will be paid a $1.25 dividend. The ex-dividend date 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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