Interface (NASDAQ:TILE) stock observed trading -48.97% off 52-week high price. On the other end, the stock has been noted 78.26% away from low price over the last 52-weeks. The stock disclosed a move of -2.55% away from 50 day moving average and -33.43% away from 200 day moving average. Moving closer, we can see that shares have been trading 3.11% off 20-day moving average. It has market cap of $541.11M and dividend yield of 2.88%.

On May 08, 2020, Interface (NASDAQ:TILE) a worldwide commercial flooring company and global leader in sustainability, reported results for the first quarter ended April 5, 2020.

Highlights:

  • Strong liquidity of $309 million at quarter end comprised of $73 million of cash and $236 million of borrowing availability under the revolving credit facility
  • Q1 net sales down 3%; Q1 organic sales down 2%
  • $121 million non-cash charge for impairment of goodwill and intangible assets driven by COVID-19 impact
  • Including impairment charge, Q1 2020 GAAP loss per share of $1.75 vs. Q1 2019 GAAP EPS of $0.12; Q1 2020 adjusted EPS of $0.32
  • Providing update on COVID-19 impact and response strategies

We had a strong start to the year, but we began to see disruption in our business due to the global COVID-19 pandemic as the first quarter progressed. We ended the quarter, which had an extra fiscal week this year, with net sales down 3%, and organic sales down 2% versus the first quarter last year, said Dan Hendrix, Chairman and CEO of Interface. The management team moved quickly in this unique situation to align operating costs with customer demand, driving first quarter adjusted EPS to $0.32, up 129% compared to adjusted EPS of $0.14 in the first quarter last year. As we face this challenging and unpredictable macroeconomic environment throughout 2020 and beyond, we expect continued solid growth in our resilient flooring portfolio, particularly in healthcare, education and industrial applications, and market leadership in carpet tile. We remain very diligent in continuing to reduce operating costs to prepare for a prolonged COVID-19 pandemic and its impacts on global commerce.

The USA based company Interface moved with change of 5.13% to $9.02 with the total traded volume of 1141744 shares in recent session versus to an average volume of 475.34K. The one month performance of stock was 2.50%. TILE’s shares are at -43.94% for the quarter and driving a -43.62% return over the course of the past year and is now at -45.63% since this point in 2018.  Right now the stock beta is 1.84. The average volatility for the week and month was at 8.59% and 7.63% respectively. There are 59.99M shares outstanding and 57.51M shares are floated in market.