Tandy Leather Factory (NASDAQ:TLF) Shares Pass Below 200 Day Moving Average of $0.00

Shares of Tandy Leather Factory, Inc. (NASDAQ:TLF) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as low as $5.52. Tandy Leather Factory shares last traded at $5.52, with a volume of 215 shares.

Separately, ValuEngine lowered shares of Tandy Leather Factory from a “hold” rating to a “sell” rating in a research report on Wednesday, May 29th.

The stock has a 50-day simple moving average of $5.77. The company has a market capitalization of $49.44 million, a price-to-earnings ratio of 13.83 and a beta of 0.66. The company has a current ratio of 6.34, a quick ratio of 2.52 and a debt-to-equity ratio of 0.06.

A hedge fund recently raised its stake in Tandy Leather Factory stock. Beddow Capital Management Inc. grew its position in Tandy Leather Factory, Inc. (NASDAQ:TLF) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 521,712 shares of the textile maker’s stock after purchasing an additional 3,879 shares during the period. Tandy Leather Factory comprises approximately 1.7% of Beddow Capital Management Inc.’s holdings, making the stock its 25th biggest holding. Beddow Capital Management Inc. owned about 5.84% of Tandy Leather Factory worth $2,869,000 as of its most recent filing with the SEC. 51.57% of the stock is currently owned by hedge funds and other institutional investors.

About Tandy Leather Factory (NASDAQ:TLF)

Tandy Leather Factory, Inc operates as a retailer and wholesale distributor of a range of leather and leathercraft related items in North America and internationally. The company offers leather, quality tools, hardware, small machines, accessories, liquids, lace, kits, open workbenches, and teaching materials.

Featured Article: What are no-load funds?

Receive News & Ratings for Tandy Leather Factory Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tandy Leather Factory and related companies with MarketBeat.com's FREE daily email newsletter.