Tandy Leather Factory (NASDAQ:TLF) Stock Crosses Below 200-Day Moving Average – Here’s Why

Tandy Leather Factory, Inc. (NASDAQ:TLF) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.51 and traded as low as $2.34. Tandy Leather Factory shares last traded at $2.35, with a volume of 2,958 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Tandy Leather Factory from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tandy Leather Factory has a consensus rating of “Sell”.

Tandy Leather Factory Stock Performance

The firm has a fifty day moving average price of $2.36 and a 200 day moving average price of $2.51. The company has a market cap of $19.13 million, a price-to-earnings ratio of -9.79 and a beta of 0.47.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Tandy Leather Factory stock. Values First Advisors Inc. increased its position in Tandy Leather Factory, Inc. (NASDAQ:TLF) by 35.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,792 shares of the textile maker’s stock after purchasing an additional 15,233 shares during the quarter. Values First Advisors Inc. owned approximately 0.72% of Tandy Leather Factory worth $134,000 as of its most recent SEC filing. Institutional investors own 56.41% of the company’s stock.

About Tandy Leather Factory

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.