Tandy Leather Factory (NASDAQ:TLF) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Tandy Leather Factory, Inc. (NASDAQ:TLF) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.52 and traded as low as $2.34. Tandy Leather Factory shares last traded at $2.34, with a volume of 13,807 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Tandy Leather Factory from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Tandy Leather Factory Stock Performance

The stock’s 50-day simple moving average is $2.36 and its 200 day simple moving average is $2.52. The company has a market capitalization of $19.05 million, a PE ratio of -9.75 and a beta of 0.47.

Tandy Leather Factory (NASDAQ:TLF) last released its quarterly earnings data on Monday, May 11th. The textile maker reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). The firm had revenue of $19.65 million for the quarter, compared to analysts’ expectations of $23.89 million. Tandy Leather Factory had a negative return on equity of 4.31% and a negative net margin of 2.94%.

Institutional Trading of Tandy Leather Factory

An institutional investor recently bought a new stake in Tandy Leather Factory stock. NewEdge Advisors LLC acquired a new position in shares of Tandy Leather Factory, Inc. (NASDAQ:TLF) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,573 shares of the textile maker’s stock, valued at approximately $39,000. NewEdge Advisors LLC owned approximately 0.15% of Tandy Leather Factory as of its most recent filing with the SEC. 56.41% of the stock is owned by institutional investors and hedge funds.

Tandy Leather Factory Company Profile

Tandy Leather Factory, Inc engages in the distribution of leather and related products. It offers leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. It operates through North America and International geographical segments. The North America geographical segment consists of 115 stores, which offer a broad selection of products combined with leathercraft expertise in a one-stop shop. The International geographical segment comprises of similar to North America segment but generally located in light industrial areas.