Tandy Leather Factory (NASDAQ:TLF) Stock Breaks Below 200-Day Moving Average – Time to Sell?

Tandy Leather Factory, Inc. (NASDAQ:TLF) passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $2.43 and traded as low as $2.33. Tandy Leather Factory shares last traded at $2.34, with a volume of 44,507 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Tandy Leather Factory in a research note on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Tandy Leather Factory Price Performance

The business’s fifty day moving average is $2.56 and its 200 day moving average is $2.43. The stock has a market cap of $19.50 million, a PE ratio of -14.00 and a beta of 0.59.

Tandy Leather Factory (NASDAQ:TLF) last issued its earnings results on Tuesday, August 11th. The textile maker reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). The company had revenue of $18.04 million during the quarter, compared to analysts’ expectations of $23.89 million. Tandy Leather Factory had a negative net margin of 2.14% and a negative return on equity of 3.31%.

Hedge Funds Weigh In On Tandy Leather Factory

A hedge fund recently bought a new position in Tandy Leather Factory stock. George Kaiser Family Foundation bought a new stake in Tandy Leather Factory, Inc. (NASDAQ:TLF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 43,443 shares of the textile maker’s stock, valued at approximately $101,000. George Kaiser Family Foundation owned about 0.53% of Tandy Leather Factory as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 56.41% of the company’s stock.

Tandy Leather Factory Company Profile

Tandy Leather Factory, Inc is a specialty retailer and wholesaler of leather and leathercraft supplies. The company serves hobbyists, artisans, small businesses, manufacturers, educators and other customers seeking materials and tools for leatherworking and related crafts.

Its product range includes leather hides and pieces, leatherworking tools, hardware, lacing, dyes, finishes, adhesives, patterns, kits and other craft supplies. Tandy Leather sells products through its retail stores and e-commerce channels, while also supplying commercial and wholesale customers.

The company traces its roots to the Tandy organization, which entered the leathercraft business in the mid-20th century.