Stanley Furniture (OTCMKTS:STLY) Share Price Passes Above Two Hundred Day Moving Average of $0.57

Stanley Furniture Co. (OTCMKTS:STLY)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.57 and traded as high as $0.57. Stanley Furniture shares last traded at $0.57, with a volume of 21,800 shares traded.

The business’s 50-day simple moving average is $0.57 and its two-hundred day simple moving average is $0.57.

In other news, major shareholder Solas Capital Management, Llc acquired 50,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $0.55 per share, for a total transaction of $27,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders acquired 56,000 shares of company stock valued at $30,800. Insiders own 24.30% of the company’s stock.

Stanley Furniture Company Profile (OTCMKTS:STLY)

Stanley Furniture Company, Inc is a design, marketing and sourcing resource in the wood residential furniture market. The Company’s segment is sale of residential wood furniture products. The Company markets its brands through a network of brick-and-mortar furniture retailers, online retailers and interior designers around the world.

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