Interface (TILE) Shares are Up 1.58%

Interface (TILE) has been under a strong bear grip, hence the stock is down -5.68% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.41% in the past 1 week. The stock has risen by 1.58% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.18% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.46% and the 50-Day Moving Average is 1.52%.The 200 Day SMA reached 1.23%


Interface (NASDAQ:TILE): After opening at $16.58, the stock dipped to an intraday low of $16.57 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $16.77 and the buying power remained strong till the end. The stock closed at $16.69 for the day, a gain of 0.72% for the day session. The total traded volume was 655,704. The stocks close on the previous trading day was $16.69.

Interface (TILE) : The highest short term price target forecast on Interface (TILE) is $31 and the lowest target price is $22. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $26.5 with a standard deviation of $6.36.

Interface Inc. is engaged in design, production and sales of modular carpet, also known as carpet tile across the world. The Company markets its modular carpets in over 110 countries under the brand names Interface and FLOR. The Companys revenues are derived from sales of floorcovering products, primarily modular carpet. The Company distributes its product through two primary channels: direct sales to end users and indirect sales through independent contractors or distributors. The Company sells an antimicrobial chemical compound under the trademark Intersept that the Company incorporates in all of its modular carpet products. The Company manufactures carpet at two locations in the United States and at facilities in the Netherlands, the United Kingdom, Thailand, China and Australia. The Companys principal geographic markets are the Americas, Europe and Asia-Pacific.

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