Armstrong Flooring Inc. (AFI) Sees Unusually-High Trading Volume
Armstrong Flooring Inc. (NYSE:AFI) saw strong trading volume on Tuesday . 230,265 shares changed hands during trading, an increase of 75% from the previous session’s volume of 131,384 shares.The stock last traded at $17.88 and had previously closed at $17.86.
A number of analysts recently issued reports on the stock. Gabelli assumed coverage on shares of Armstrong Flooring in a report on Tuesday, August 9th. They set a “buy” rating for the company. SunTrust Banks Inc. downgraded shares of Armstrong Flooring from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a report on Monday. Zacks Investment Research downgraded shares of Armstrong Flooring from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Finally, Stifel Nicolaus assumed coverage on shares of Armstrong Flooring in a report on Wednesday, June 22nd. They set a “hold” rating for the company.
The firm has a 50-day moving average of $18.64 and a 200-day moving average of $16.62. The firm has a market capitalization of $535.83 million and a PE ratio of 113.41.
Armstrong Flooring (NYSE:AFI) last released its earnings results on Friday, August 12th. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.05. The business earned $323.70 million during the quarter, compared to analysts’ expectations of $326.60 million. Analysts expect that Armstrong Flooring Inc. will post $0.62 EPS for the current fiscal year.
Armstrong Flooring, Inc is engaged in the designing and manufacturing of flooring solutions that inspire spaces where people live, work, learn, heal and play. The Company manufactures resilient and wood flooring products across North America. The Company safely and responsibly operates approximately 18 manufacturing facilities in three countries.
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