Tile Shop Hldgs (NASDAQ:TTSH) Stock Price Up 0.7% – Time to Buy?

Tile Shop Hldgs, Inc. (NASDAQ:TTSH) shares traded up 0.7% on Friday . The stock traded as high as $2.78 and last traded at $2.78. 851 shares were traded during mid-day trading, a decline of 98% from the average session volume of 35,185 shares. The stock had previously closed at $2.76.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Tile Shop Hldgs from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Tile Shop Hldgs has a consensus rating of “Sell”.

Tile Shop Hldgs Price Performance

The firm has a market capitalization of $110.00 million, a PE ratio of -69.50 and a beta of 1.08. The stock has a 50-day moving average price of $3.01 and a 200-day moving average price of $4.11.

Institutional Trading of Tile Shop Hldgs

A number of hedge funds and other institutional investors have recently modified their holdings of TTSH. BNP Paribas Financial Markets increased its position in shares of Tile Shop Hldgs by 64.8% during the third quarter. BNP Paribas Financial Markets now owns 5,520 shares of the company’s stock worth $33,000 after acquiring an additional 2,170 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Tile Shop Hldgs during the fourth quarter worth about $94,000. Invesco Ltd. increased its position in shares of Tile Shop Hldgs by 14.8% during the second quarter. Invesco Ltd. now owns 15,528 shares of the company’s stock worth $99,000 after acquiring an additional 2,006 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Tile Shop Hldgs during the first quarter worth about $108,000. Finally, JPMorgan Chase & Co. increased its position in shares of Tile Shop Hldgs by 23.4% during the third quarter. JPMorgan Chase & Co. now owns 35,631 shares of the company’s stock worth $216,000 after acquiring an additional 6,756 shares during the last quarter. 36.66% of the stock is owned by hedge funds and other institutional investors.

Tile Shop Hldgs Company Profile

Tile Shop Holdings, Inc is a specialty retailer focused on the sale of ceramic, porcelain, glass and natural stone tile, as well as related installation materials and countertop surfaces. Through its network of retail stores and online platform, the company offers an extensive selection of field tile, mosaics, decos, trim, thin porcelain panels and full-slab natural stone products. Tile Shop also stocks a range of installation accessories, including grouts, mortars, tools and maintenance supplies, enabling a one-stop solution for both residential and commercial projects.

Founded in 1984 and headquartered in Plymouth, Minnesota, Tile Shop went public in 2012 and trades on the NASDAQ under the ticker TTSH.