Zacks Investment Research downgraded Tuesday Morning Corporation (NASDAQ:TUES) to Sell in a report released today.
- Updated: October 12, 2016
Zacks Investment Research has downgraded Tuesday Morning Corporation (NASDAQ:TUES) to Sell in a report released on 10/13/2016.
Yesterday Tuesday Morning Corporation (NASDAQ:TUES) traded 4.77% higher at $6.15. The company’s 50-day moving average is $6.26 and its 200-day moving average is $7.16. The last stock close price is down -14.06% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 192,840 shares of the stock were exchanged, up from an average trading volume of 173,651
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Tuesday Morning Corporation has a 52 week low of $5.01 and a 52 week high of $9.23 with a P/E ratio of 76.88 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 4 firms have reported on the stock. The consensus target price is $6.88 with 1 firm rating the stock a strong buy, 1 firm rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Tuesday Morning Corporation (NASDAQ:TUES)
Tuesday Morning Corporation is an off-price retailer. The Company specializes in selling discounted, upscale decorative home accessories, housewares, seasonal goods and famous-maker gifts. The Company operated 751 stores in 40 states in the United States, as of June 30, 2016. The Company offers products in a range of categories, such as home decor, furniture, bed and bath, kitchen, toys, crafts, pets and seasonal goods. The Company offers branded merchandise, such as Peacock Alley, Sferra, Lenox, Waterford and Hartmann. In addition to branded goods, it also carries home furnishings items made around the world. The Company's stores operate in both primary and secondary locations of the suburban markets, such as strip malls, near its middle and upper-income customers. The Company utilizes distribution center facilities in Dallas, Texas and Phoenix, Arizona.
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