The Container Store Group (NYSE:TCS) Stock Crosses Below Two Hundred Day Moving Average of $1.62

The Container Store Group, Inc. (NYSE:TCS)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.62 and traded as low as $0.87. The Container Store Group shares last traded at $0.87, with a volume of 60,328 shares.

The Container Store Group Stock Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.37 and a current ratio of 1.21. The company has a market cap of $44.86 million, a P/E ratio of -0.18 and a beta of 1.13. The firm has a 50 day moving average price of $1.12 and a 200-day moving average price of $1.62.

The Container Store Group (NYSE:TCS) last issued its quarterly earnings data on Tuesday, February 6th. The specialty retailer reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. The Container Store Group had a negative return on equity of 2.08% and a negative net margin of 25.64%. The business had revenue of $214.90 million for the quarter, compared to the consensus estimate of $214.06 million. On average, research analysts predict that The Container Store Group, Inc. will post -0.35 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Quadrature Capital Ltd bought a new stake in The Container Store Group during the fourth quarter valued at about $34,000. Glendon Capital Management LP boosted its holdings in The Container Store Group by 34.6% during the fourth quarter. Glendon Capital Management LP now owns 4,763,546 shares of the specialty retailer’s stock valued at $10,861,000 after acquiring an additional 1,224,700 shares during the period. First Eagle Investment Management LLC boosted its holdings in The Container Store Group by 5.5% during the fourth quarter. First Eagle Investment Management LLC now owns 846,761 shares of the specialty retailer’s stock valued at $1,931,000 after acquiring an additional 44,354 shares during the period. Zazove Associates LLC bought a new stake in The Container Store Group during the fourth quarter valued at about $621,000. Finally, Platform Technology Partners bought a new stake in The Container Store Group during the third quarter valued at about $47,000. 67.11% of the stock is owned by institutional investors.

About The Container Store Group

The Container Store Group, Inc operates as a specialty retailer of organizing solutions, custom spaces, and in-home organizing services in the United States. The company operates in two segments, The Container Store and Elfa. Its stores provide custom space offerings; countertop organizers, cosmetic and jewelry organizers, shower and bathtub organizers, drawer organization, and cabinet storage products; closets; and ventilated and solid shelving and drawer components and systems, wall and door rack solutions, accessories, utility and garage systems, and sliding doors.