Haverty Furniture Companies (NYSE:HVT.A) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of Haverty Furniture Companies, Inc. (NYSE:HVT.A) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $23.51 and traded as low as $22.18. Haverty Furniture Companies shares last traded at $23.74, with a volume of 3,993 shares changing hands.

Haverty Furniture Companies Stock Performance

The stock has a market capitalization of $383.16 million, a P/E ratio of 19.78 and a beta of 0.83. The firm’s fifty day simple moving average is $23.51 and its 200 day simple moving average is $24.48.

Haverty Furniture Companies (NYSE:HVT.A) last released its earnings results on Tuesday, May 5th. The company reported $0.26 EPS for the quarter. The firm had revenue of $189.05 million during the quarter.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc is a publicly traded real estate investment trust specializing in owning and managing retail and distribution properties for the furniture industry. Established in 2019 as a spin-off from Havertys Furniture Stores, Inc, the company’s portfolio consists of strategically located facilities—including showroom locations and distribution centers—leased primarily to its former parent under long-term, net lease agreements. By focusing on single-tenant commercial real estate tailored to furniture retailing and logistics, Haverty Furniture Companies aims to deliver stable, predictable rental income and to support the growth of its tenant’s national retail network.

At the time of its formation, Haverty Furniture Companies acquired a mix of properties encompassing corporate distribution centers, regional distribution hubs and retail showrooms across several key markets in the Southeastern and Southwestern United States.