Stanley Furniture Co. (STLY) Stock Price Down 4.7%
Stanley Furniture Co. (NASDAQ:STLY) shares fell 4.7% during trading on Monday . The stock traded as low as $3.34 and last traded at $3.41, with a volume of 54,247 shares traded. The stock had previously closed at $3.58.
Several research firms have commented on STLY. TheStreet lowered Stanley Furniture from a “hold” rating to a “sell” rating in a research report on Monday, July 25th. Zacks Investment Research raised Stanley Furniture from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 21st.
The stock has a market cap of $50.27 million and a P/E ratio of 40.71. The company has a 50-day moving average of $2.75 and a 200-day moving average of $2.62.
Stanley Furniture (NASDAQ:STLY) last issued its earnings results on Monday, July 25th. The company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.09. The firm earned $12.05 million during the quarter. Stanley Furniture’s revenue for the quarter was down 20.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. On average, equities research analysts expect that Stanley Furniture Co. will post ($0.26) EPS for the current year.
The business also recently announced a special dividend, which will be paid on Friday, August 19th. Stockholders of record on Friday, August 12th will be given 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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