Temple & Webster Group (OTCMKTS:TPLWF) Trading Down 46.3% – Here’s Why

Temple & Webster Group Ltd (OTCMKTS:TPLWFGet Free Report) shares were down 46.3% during mid-day trading on Thursday . The company traded as low as $8.73 and last traded at $8.73. Approximately 175 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 2,700 shares. The stock had previously closed at $16.25.

Temple & Webster Group Stock Performance

The business’s fifty day moving average is $13.34 and its 200 day moving average is $14.01.

Temple & Webster Group Company Profile

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Temple & Webster Group is an Australian-based e-commerce retailer specializing in furniture, homewares and décor. The company operates a digital marketplace that connects consumers with a broad network of independent suppliers, designers and manufacturers. Through its online platform, Temple & Webster offers a curated selection of indoor and outdoor furniture, lighting, textiles and decorative accessories aimed at both style-conscious homeowners and professional interior designers.

Founded in 2011 by entrepreneurs Mark Coulter and Michael Hingley, Temple & Webster has grown rapidly by leveraging a direct-to-consumer model and proprietary technology to streamline the shopping experience.

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