The Container Store Group (NYSE:TCS) Stock Crosses Below Two Hundred Day Moving Average of $1.62

The Container Store Group, Inc. (NYSE:TCS)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.62 and traded as low as $0.87. The Container Store Group shares last traded at $0.87, with a volume of 60,328 shares traded.

The Container Store Group Stock Performance

The company has a quick ratio of 0.37, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The company has a 50 day moving average of $1.12 and a 200 day moving average of $1.62. The firm has a market cap of $44.86 million, a price-to-earnings ratio of -0.18 and a beta of 1.13.

The Container Store Group (NYSE:TCS) last announced its quarterly earnings data on Tuesday, February 6th. The specialty retailer reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.03. The company had revenue of $214.90 million during the quarter, compared to analyst estimates of $214.06 million. The Container Store Group had a negative net margin of 25.64% and a negative return on equity of 2.08%. As a group, equities research analysts expect that The Container Store Group, Inc. will post -0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd acquired a new stake in shares of The Container Store Group during the 4th quarter valued at approximately $34,000. Platform Technology Partners acquired a new stake in The Container Store Group during the third quarter worth about $47,000. Patriot Financial Group Insurance Agency LLC bought a new position in The Container Store Group in the third quarter worth about $77,000. Barclays PLC lifted its holdings in The Container Store Group by 68.0% in the third quarter. Barclays PLC now owns 111,109 shares of the specialty retailer’s stock worth $250,000 after acquiring an additional 44,976 shares during the last quarter. Finally, Zazove Associates LLC bought a new position in The Container Store Group in the fourth quarter worth about $621,000. 67.11% of the stock is owned by institutional investors and hedge funds.

The Container Store Group Company Profile

The Container Store Group, Inc operates as a specialty retailer of organizing solutions, custom spaces, and in-home organizing services in the United States. The company operates in two segments, The Container Store and Elfa. Its stores provide custom space offerings; countertop organizers, cosmetic and jewelry organizers, shower and bathtub organizers, drawer organization, and cabinet storage products; closets; and ventilated and solid shelving and drawer components and systems, wall and door rack solutions, accessories, utility and garage systems, and sliding doors.