Armstrong Flooring Inc (NYSE:AFI) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 260,400 shares, a growth of 47.0% from the September 15th total of 177,100 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average trading volume of 224,100 shares, the short-interest ratio is presently 1.2 days.
Shares of Armstrong Flooring stock traded up $0.07 during trading hours on Friday, hitting $5.07. The company’s stock had a trading volume of 528,316 shares, compared to its average volume of 252,764. The business has a 50 day moving average price of $3.87 and a two-hundred day moving average price of $3.03. Armstrong Flooring has a 12-month low of $1.12 and a 12-month high of $6.75. The company has a market cap of $109.48 million, a PE ratio of -1.46 and a beta of 2.91. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.76 and a current ratio of 1.78.
Armstrong Flooring (NYSE:AFI) last announced its quarterly earnings data on Wednesday, July 22nd. The construction company reported ($0.23) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.08. Armstrong Flooring had a negative return on equity of 19.22% and a negative net margin of 12.85%. The business had revenue of $145.60 million for the quarter.
Separately, ValuEngine raised Armstrong Flooring from a “buy” rating to a “strong-buy” rating in a report on Friday. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $3.66.
About Armstrong Flooring
Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, sources, and sells resilient flooring products for use primarily in the construction and renovation of commercial, residential, and institutional buildings in North America and the Pacific Rim. The company sells its products to independent wholesale flooring distributors, retailers, builders, contractors, installers, property management firms, homeowners, and others.
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