Interface, Inc. (NASDAQ:TILE – Get Rating) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.29 and traded as low as $10.84. Interface shares last traded at $11.10, with a volume of 361,933 shares.
Analyst Ratings Changes
Several brokerages have recently commented on TILE. StockNews.com lowered Interface from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 8th. Truist Financial reduced their price objective on Interface from $19.00 to $13.00 in a research report on Tuesday, November 8th. Finally, TheStreet lowered Interface from a “b-” rating to a “c+” rating in a research report on Wednesday, September 21st.
Interface Stock Up 2.8 %
The firm has a 50 day simple moving average of $10.48 and a two-hundred day simple moving average of $11.29. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.19 and a current ratio of 2.54. The stock has a market cap of $645.69 million, a P/E ratio of 10.00 and a beta of 1.81.
Interface Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Friday, December 2nd were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Thursday, December 1st. Interface’s dividend payout ratio is presently 3.60%.
Institutional Trading of Interface
Hedge funds and other institutional investors have recently modified their holdings of the company. Captrust Financial Advisors raised its stake in shares of Interface by 228.8% in the 1st quarter. Captrust Financial Advisors now owns 2,604 shares of the textile maker’s stock worth $35,000 after buying an additional 1,812 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Interface in the 3rd quarter worth $46,000. Point72 Hong Kong Ltd bought a new stake in shares of Interface in the 2nd quarter worth $50,000. KBC Group NV acquired a new stake in shares of Interface during the second quarter worth $62,000. Finally, ACG Wealth acquired a new stake in shares of Interface during the second quarter worth $101,000. Institutional investors own 90.45% of the company’s stock.
Interface Company Profile
Interface, Inc, a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR brand names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; rubber flooring under the norament and noraplan brand names; and luxury vinyl tile products.
- Get a free copy of the StockNews.com research report on Interface (TILE)
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