Flexsteel Industries (NASDAQ:FLXS) Shares Cross Below 200 Day Moving Average of $0.00

Flexsteel Industries, Inc. (NASDAQ:FLXS)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $16.88. Flexsteel Industries shares last traded at $16.88, with a volume of 2 shares traded.

A number of research firms recently issued reports on FLXS. TheStreet downgraded UDR from a “b” rating to a “c” rating in a report on Tuesday, April 30th. ValuEngine upgraded Alleghany from a “hold” rating to a “buy” rating in a report on Friday, April 19th.

The stock’s 50 day moving average is $17.28. The company has a market cap of $133.17 million, a PE ratio of 22.51 and a beta of 1.57.



Flexsteel Industries (NASDAQ:FLXS) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $111.54 million during the quarter. Flexsteel Industries had a positive return on equity of 2.52% and a negative net margin of 2.30%.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.88 annualized dividend and a dividend yield of 5.22%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers raised its holdings in Flexsteel Industries by 44.6% in the fourth quarter. Rhumbline Advisers now owns 10,440 shares of the company’s stock valued at $231,000 after buying an additional 3,218 shares during the period. First Trust Advisors LP raised its holdings in Flexsteel Industries by 19.1% in the fourth quarter. First Trust Advisors LP now owns 13,216 shares of the company’s stock valued at $292,000 after buying an additional 2,121 shares during the period. California Public Employees Retirement System raised its holdings in Flexsteel Industries by 8.2% in the fourth quarter. California Public Employees Retirement System now owns 18,600 shares of the company’s stock valued at $411,000 after buying an additional 1,402 shares during the period. BlackRock Inc. raised its holdings in Flexsteel Industries by 2.2% in the fourth quarter. BlackRock Inc. now owns 503,712 shares of the company’s stock valued at $11,122,000 after buying an additional 11,000 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Flexsteel Industries by 45.0% in the fourth quarter. Bank of New York Mellon Corp now owns 96,938 shares of the company’s stock valued at $2,141,000 after buying an additional 30,107 shares during the period. Institutional investors own 63.65% of the company’s stock.

Flexsteel Industries Company Profile (NASDAQ:FLXS)

Flexsteel Industries, Inc, together with its subsidiaries, manufactures, imports, and markets residential and contract upholstered and wood furniture products in the United States. It offers its products for use in home, hotel, healthcare, recreational vehicle, marine, and office applications. The company distributes its products through its sales force and independent representatives.

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