Tandy Leather Factory (NASDAQ:TLF) Shares Cross Below 200 Day Moving Average – Time to Sell?

Tandy Leather Factory, Inc. (NASDAQ:TLF)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.48 and traded as low as $2.39. Tandy Leather Factory shares last traded at $2.43, with a volume of 17,775 shares changing hands.

Analyst Upgrades and Downgrades

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

Tandy Leather Factory Price Performance

The business has a 50-day moving average of $2.36 and a 200-day moving average of $2.48. The company has a market capitalization of $19.87 million, a P/E ratio of -10.17 and a beta of 0.47.

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

Institutional Trading of Tandy Leather Factory

An institutional investor recently bought a new position in Tandy Leather Factory stock. NewEdge Advisors LLC purchased a new position in Tandy Leather Factory, Inc. (NASDAQ:TLF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,573 shares of the textile maker’s stock, valued at approximately $39,000. NewEdge Advisors LLC owned 0.15% of Tandy Leather Factory at the end of the most recent reporting period. 56.41% of the stock is owned by institutional investors.

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.