Interface (NASDAQ:TILE) Stock Price Crosses Below Two Hundred Day Moving Average of $11.29

Interface, Inc. (NASDAQ:TILEGet 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 (NASDAQ:TILEGet Rating) last announced its earnings results on Friday, November 4th. The textile maker reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.06. The firm had revenue of $327.76 million for the quarter, compared to the consensus estimate of $334.60 million. Interface had a return on equity of 23.82% and a net margin of 5.07%. Equities research analysts predict that Interface, Inc. will post 1.19 earnings per share for the current year.

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

(Get Rating)

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.

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