Tandy Leather Factory (NASDAQ:TLF) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Shares of Tandy Leather Factory, Inc. (NASDAQ:TLF) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.72 and traded as low as $2.33. Tandy Leather Factory shares last traded at $2.3450, with a volume of 4,225 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Tandy Leather Factory from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Tandy Leather Factory currently has an average rating of “Sell”.

Tandy Leather Factory Stock Down 0.2%

The stock has a market cap of $18.92 million, a price-to-earnings ratio of 1.95 and a beta of 0.54. The business’s 50 day simple moving average is $2.45 and its 200 day simple moving average is $2.72.

Tandy Leather Factory (NASDAQ:TLF) last announced its quarterly earnings results on Tuesday, February 24th. The textile maker reported ($0.08) EPS for the quarter. The firm had revenue of $22.25 million during the quarter. Tandy Leather Factory had a net margin of 13.36% and a negative return on equity of 13.60%.

Tandy Leather Factory Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Tuesday, February 24th. Stockholders of record on Monday, February 9th were given a $0.75 dividend.

Hedge Funds Weigh In On Tandy Leather Factory

A hedge fund recently bought a new stake in Tandy Leather Factory stock. NewEdge Advisors LLC acquired a new stake in Tandy Leather Factory, Inc. (NASDAQ:TLF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,573 shares of the textile maker’s stock, valued at approximately $39,000. NewEdge Advisors LLC owned 0.15% of Tandy Leather Factory at the end of the most recent reporting period. Hedge funds and other institutional investors 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.