The Container Store Group (NYSE:TCS) Share Price Crosses Below 200 Day Moving Average of $1.62

The Container Store Group, Inc. (NYSE:TCS) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.62 and traded as low as $0.87. The Container Store Group shares last traded at $0.87, with a volume of 60,328 shares changing hands.

The Container Store Group Price Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.37 and a current ratio of 1.21. The company has a 50 day simple moving average of $1.11 and a 200 day simple moving average of $1.62.

The Container Store Group (NYSE:TCS) last released its earnings results on Tuesday, February 6th. The specialty retailer reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.03. The Container Store Group had a negative return on equity of 2.08% and a negative net margin of 25.64%. The company had revenue of $214.90 million for the quarter, compared to analysts’ expectations of $214.06 million. On average, equities research analysts expect that The Container Store Group, Inc. will post -0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On The Container Store Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in TCS. Quadrature Capital Ltd acquired a new stake in shares of The Container Store Group in the 4th quarter worth approximately $34,000. Platform Technology Partners acquired a new stake in shares of The Container Store Group in the 3rd quarter worth approximately $47,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of The Container Store Group in the 3rd quarter worth approximately $77,000. Barclays PLC grew its holdings in shares of The Container Store Group by 68.0% in the 3rd quarter. Barclays PLC now owns 111,109 shares of the specialty retailer’s stock worth $250,000 after acquiring an additional 44,976 shares during the period. Finally, Zazove Associates LLC acquired a new stake in shares of The Container Store Group in the 4th quarter worth approximately $621,000. Institutional investors and hedge funds own 67.11% of the company’s stock.

About The Container Store Group

The Container Store Group, Inc operates as a specialty retailer of organizing solutions, custom spaces, and in-home organizing services in the United States. The company operates in two segments, The Container Store and Elfa. Its stores provide custom space offerings; countertop organizers, cosmetic and jewelry organizers, shower and bathtub organizers, drawer organization, and cabinet storage products; closets; and ventilated and solid shelving and drawer components and systems, wall and door rack solutions, accessories, utility and garage systems, and sliding doors.