Haverty Furniture Companies (NYSE:HVT.A) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Haverty Furniture Companies, Inc. (NYSE:HVT.A) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $29.80 and traded as low as $26.88. Haverty Furniture Companies shares last traded at $27.88, with a volume of 900 shares.

Haverty Furniture Companies Trading Up 8.0%

The business has a 50-day moving average price of $29.78 and a 200 day moving average price of $26.28. The stock has a market capitalization of $467.25 million, a P/E ratio of 21.35 and a beta of 0.80.

Haverty Furniture Companies (NYSE:HVT.A) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $194.94 million for the quarter.

About Haverty Furniture Companies

Haverty Furniture Companies, Inc is a publicly traded real estate investment trust specializing in owning and managing retail and distribution properties for the furniture industry. Established in 2019 as a spin-off from Havertys Furniture Stores, Inc, the company’s portfolio consists of strategically located facilities—including showroom locations and distribution centers—leased primarily to its former parent under long-term, net lease agreements. By focusing on single-tenant commercial real estate tailored to furniture retailing and logistics, Haverty Furniture Companies aims to deliver stable, predictable rental income and to support the growth of its tenant’s national retail network.

At the time of its formation, Haverty Furniture Companies acquired a mix of properties encompassing corporate distribution centers, regional distribution hubs and retail showrooms across several key markets in the Southeastern and Southwestern United States.