Stanley Furniture Co. (STLY) Shares Down 8.5%
Stanley Furniture Co. (NASDAQ:STLY) shares were down 8.5% on Tuesday . The stock traded as low as $2.25 and last traded at $2.36, with a volume of 134,918 shares traded. The stock had previously closed at $2.58.
Several research analysts have recently weighed in on STLY shares. Zacks Investment Research upgraded shares of Stanley Furniture from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 21st. TheStreet cut shares of Stanley Furniture from a “hold” rating to a “sell” rating in a research note on Monday, July 25th.
The firm has a 50-day moving average of $2.85 and a 200 day moving average of $2.65. The firm has a market cap of $33.07 million and a price-to-earnings ratio of 26.79.
Stanley Furniture (NASDAQ:STLY) last posted 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. During the same quarter last year, the firm posted $0.09 earnings per share. The company had revenue of $12.05 million for the quarter. The business’s revenue for the quarter was down 20.4% on a year-over-year basis. On average, equities analysts forecast that Stanley Furniture Co. will post ($0.26) earnings per share for the current fiscal year.
The company also recently disclosed a special dividend, which was paid on Friday, August 19th. Investors of record on Friday, August 12th were paid a dividend of $1.25 per share. 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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