Tuesday Morning Corp. (NASDAQ:TUES):
Tuesday Morning Celebrates Expanded Tuscaloosa-Area Location With Ribbon-Cutting Ceremony.
The company is now up by 2.06 percent from yesterday’s close.
The stock last traded at $5.95 marginally under the 50 day moving average which is $6.79 and which is just a bit below the 200 day moving average of $7.29. The 50 day moving average went down by -12.42% and the 200 day average went down by -18.35%.
The P/E ratio is currently 74.38 and market cap is 260.60M. In the latest earnings report the EPS was $0.08 and is estimated to be $0.09 for the current year with 43,798,000 shares now outstanding. Next quarter’s EPS is expected be $0.48 and the next full year EPS is projected to be $0.34.
Investors are more bullish on shares of Tuesday Morning Corp. lately if you take into consideration the downtick in short interest. The company recorded a fall in short interest from August 31, 2016 to September 15, 2016 of -0.02%. Short shares decreased 60,609 over that timeframe. Days to cover increased 1.5 to 18.2 and the percentage of shorted shares was 0.08% on September 15.
Several brokerage firms have weighed in on TUES of late. Equity analyst B. Riley added TUES to its research portfolio by announcing an initial rating of “Neutral”. On August 24 the stock rating was upgraded to “Buy” from “Hold” with a current price target of $9.00 in an announcement from Stifel Nicolaus.
On July 1 the company was downgraded from “Buy” to “” in a report issued by Johnson Rice. On April 2, 2015 Janney Capital began coverage of the stock with a rating of “Buy” and establishing a price target of $20.00.
On April 1 analysts at Sterne Agee initiated coverage giving it an initial rating of “Buy” and price target of $20.00. Wedbush started covering the stock with an initial rating of “Outperform” and projecting a price target of $24.00.