Tandy Leather Factory (NASDAQ:TLF) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Tandy Leather Factory, Inc. (NASDAQ:TLF) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.53 and traded as low as $2.33. Tandy Leather Factory shares last traded at $2.37, with a volume of 135,593 shares trading hands.

Wall Street Analyst Weigh In

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

Tandy Leather Factory Price Performance

The firm has a 50-day moving average price of $2.35 and a two-hundred day moving average price of $2.53. The company has a market capitalization of $19.45 million, a P/E ratio of -9.96 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The company had revenue of $19.65 million for the quarter, compared to the consensus estimate of $23.89 million. Tandy Leather Factory had a negative return on equity of 4.31% and a negative net margin of 2.94%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Tandy Leather Factory stock. NewEdge Advisors LLC bought a new stake in Tandy Leather Factory, Inc. (NASDAQ:TLF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,573 shares of the textile maker’s stock, valued at approximately $39,000. NewEdge Advisors LLC owned 0.15% of Tandy Leather Factory as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds 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.