Interface Inc. ( TILE ) saw a big move last session, as the company's shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $19.43 to $22.01 in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as this stock in the Industrial Goods sector has seen five negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
Interface currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP
Some better-ranked stocks in the same space include The Dixie Group, Inc.
), Mohawk Industries Inc.
) and Crown Crafts, Inc.
). While The Dixie Group sports a Zacks Rank #1 (Strong Buy), both Mohawk Industries and Crown Crafts carry a Zacks Rank #2 (Buy).
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. Click to get this free report >>CROWN CRAFTS (CRWS): Get Free ReportDIXIE GRP INC (DXYN): Free Stock Analysis ReportMOHAWK INDS INC (MHK): Free Stock Analysis ReportINTERFACE INC A (TILE): Free Stock Analysis ReportTo read this article on Zacks.com click here.