Stanley Furniture Company Inc. (STLY) was one of the best performers amongst all companies listed in the consumer goods sector on the NYSE and NASDAQ exchanges during trading on April 21, climbing 5.8% to wrap the day at $0.91 after closing the day prior at $0.86. Throughout the trading session, shares of STLY rose as high as $0.92 and dipped as low as $0.86. Today’s advance came with about 79,135 shares changing hands, compared to an average 30-day volume of 18,293 for Stanley Furniture Company Inc.. The price is currently below the 30-day volume weighted average price of $0.89 for STLY.
The share appreciation today gives the company a market capitalization of $12.62 million based upon 14.67 million shares outstanding. It also means that STLY has a price-to-book ratio of 0.64:1.
In the past 52 weeks, shares of STLY have traded as low as $0.7599 and as high as $3.65. Technical traders will take note that at $0.91, shares of STLY are trading below their 200-day MA at $1.14 and above their 50-day MA at $0.81. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is STLY?
Stanley Furniture Co Inc is engaged in the design, marketing and sourcing resource in the upscale segment of the wood residential furniture market. Its products include dining, bedroom, living room, home office, home entertainment, and accent items. The company’s 118 employees are led by CEO R. Glenn Prillaman from the corporate headquarters at 200 North Hamilton Street in High Point, NC.
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