Interface Slumps: TILE Falls 12.7% in Session - Tale of the Tape
Interface Inc. ( TILE ) saw a big move last session, as the company's shares fell nearly 13% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for TILE as the stock is now down about 19% in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the provider of specialized carpet replacement, installation and maintenance services has seen 1 negative revision 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.
TILE currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0%.
Some better-ranked stocks in the same sector include The Dixie Group, Inc. ( DXYN ), Bridgepoint Education, Inc. ( BPI ) and Choice Hotels International Inc. ( CHH ). All these stocks hold a Zacks Rank #2 (Buy).
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