Tile Shop Hldgs (NASDAQ:TTSH) Trading 0.7% Higher – Here’s Why

Tile Shop Hldgs, Inc. (NASDAQ:TTSH) shares traded up 0.7% during mid-day trading on Friday . The stock traded as high as $2.78 and last traded at $2.78. 851 shares were traded during trading, a decline of 98% from the average session volume of 35,185 shares. The stock had previously closed at $2.76.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Tile Shop Hldgs from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Tile Shop Hldgs Stock Up 0.7%

The firm has a 50 day simple moving average of $3.01 and a 200-day simple moving average of $4.11. The stock has a market cap of $110.00 million, a P/E ratio of -69.50 and a beta of 1.08.

Institutional Trading of Tile Shop Hldgs

Several institutional investors and hedge funds have recently bought and sold shares of TTSH. Nomura Holdings Inc. raised its stake in Tile Shop Hldgs by 9.1% in the third quarter. Nomura Holdings Inc. now owns 898,339 shares of the company’s stock valued at $5,435,000 after buying an additional 74,898 shares during the period. FNY Investment Advisers LLC bought a new stake in Tile Shop Hldgs in the fourth quarter valued at approximately $94,000. Cannell Capital LLC raised its stake in Tile Shop Hldgs by 10.9% in the third quarter. Cannell Capital LLC now owns 256,392 shares of the company’s stock valued at $1,551,000 after buying an additional 25,211 shares during the period. Vanguard Group Inc. raised its stake in Tile Shop Hldgs by 1.6% in the third quarter. Vanguard Group Inc. now owns 1,333,172 shares of the company’s stock valued at $8,066,000 after buying an additional 20,901 shares during the period. Finally, Jane Street Group LLC bought a new stake in Tile Shop Hldgs in the first quarter valued at approximately $108,000. Institutional investors own 36.66% of the company’s stock.

Tile Shop Hldgs Company Profile

Tile Shop Holdings, Inc is a specialty retailer focused on the sale of ceramic, porcelain, glass and natural stone tile, as well as related installation materials and countertop surfaces. Through its network of retail stores and online platform, the company offers an extensive selection of field tile, mosaics, decos, trim, thin porcelain panels and full-slab natural stone products. Tile Shop also stocks a range of installation accessories, including grouts, mortars, tools and maintenance supplies, enabling a one-stop solution for both residential and commercial projects.

Founded in 1984 and headquartered in Plymouth, Minnesota, Tile Shop went public in 2012 and trades on the NASDAQ under the ticker TTSH.