ValuEngine Upgrades Flexsteel Industries (NASDAQ:FLXS) to “Hold”

Flexsteel Industries (NASDAQ:FLXS) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, ValuEngine reports.

Separately, TheStreet lowered Flexsteel Industries from a “c” rating to a “d+” rating in a report on Tuesday, April 30th.

NASDAQ:FLXS traded down $0.34 on Thursday, hitting $17.44. The stock had a trading volume of 11,877 shares, compared to its average volume of 14,329. Flexsteel Industries has a 52 week low of $16.04 and a 52 week high of $39.59. The company’s fifty day moving average price is $17.09. The company has a market cap of $145.02 million, a P/E ratio of 24.17 and a beta of 1.55.

Several hedge funds have recently bought and sold shares of the company. Parthenon LLC lifted its holdings in shares of Flexsteel Industries by 13.1% in the second quarter. Parthenon LLC now owns 34,480 shares of the company’s stock valued at $588,000 after purchasing an additional 4,000 shares in the last quarter. Strs Ohio lifted its holdings in Flexsteel Industries by 7.2% during the second quarter. Strs Ohio now owns 14,900 shares of the company’s stock worth $254,000 after acquiring an additional 1,000 shares during the period. North Star Investment Management Corp. lifted its holdings in Flexsteel Industries by 1.7% during the second quarter. North Star Investment Management Corp. now owns 147,700 shares of the company’s stock worth $2,520,000 after acquiring an additional 2,525 shares during the period. Royce & Associates LP lifted its holdings in Flexsteel Industries by 1.5% during the first quarter. Royce & Associates LP now owns 1,158,100 shares of the company’s stock worth $26,856,000 after acquiring an additional 17,000 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in Flexsteel Industries by 28.1% during the first quarter. Janney Montgomery Scott LLC now owns 24,500 shares of the company’s stock worth $568,000 after acquiring an additional 5,380 shares during the period. Institutional investors own 63.47% of the company’s stock.

About Flexsteel Industries

Flexsteel Industries, Inc, together with its subsidiaries, manufactures, imports, and markets residential and contract upholstered and wood furniture products in the United States. It offers its products for use in home, hotel, healthcare, recreational vehicle, marine, and office applications. The company distributes its products through its sales force and independent representatives.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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