U.S. Markets closed

Interface (TILE) Crumbles: Stock Falls by 7.3%

Zacks Equity Research

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 is 0.00%.

Some better-ranked stocks in the same space include The Dixie Group, Inc. (DXYN), Mohawk Industries Inc. (MHK) and Crown Crafts, Inc. (CRWS). While The Dixie Group sports a Zacks Rank #1 (Strong Buy), both Mohawk Industries and Crown Crafts carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

INTERFACE INC (TILE): Free Stock Analysis Report

DIXIE GROUP INC (DXYN): Free Stock Analysis Report

MOHAWK INDUSTRIES INC (MHK): Free Stock Analysis Report

CROWN CRAFTS INC (CRWS): Free Stock Analysis Report

Zacks Investment Research