HomesToLife (NASDAQ:HTLM) Stock Price Down 6.6% – Here’s Why

HomesToLife Ltd (NASDAQ:HTLM) traded down 6.6% during mid-day trading on Tuesday . The stock traded as low as $1.78 and last traded at $1.84. 24,594 shares traded hands during trading, an increase of 140% from the average daily volume of 10,256 shares. The stock had previously closed at $1.97.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of HomesToLife from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

HomesToLife Trading Down 6.6%

The stock has a 50 day moving average of $1.91 and a 200-day moving average of $2.04. The company has a market capitalization of $26.88 million, a P/E ratio of 15.25 and a beta of 0.03.

HomesToLife (NASDAQ:HTLM) last posted its quarterly earnings results on Friday, May 29th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $92.53 million during the quarter.

HomesToLife Company Profile

HomesToLife Ltd. engages in the retail of home furniture and sale of customized furniture solutions. Its products include leather and fabric upholstered furniture, case goods, and accessories. The company was founded by Yong Pin Phua and Yong Tat Phua in September 1989 and is headquartered in Singapore.