The Container Store Group (NYSE:TCS) Stock Crosses Above 200 Day Moving Average – Time to Sell?

The Container Store Group, Inc. (NYSE:TCS)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $2.84. The Container Store Group shares last traded at $2.65, with a volume of 348,200 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com started coverage on The Container Store Group in a research note on Thursday. They set a “hold” rating on the stock.

The Container Store Group Stock Performance

The company has a market cap of $9.14 million, a P/E ratio of -0.09 and a beta of 1.01. The stock’s fifty day simple moving average is $5.83. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 1.29.

Institutional Investors Weigh In On The Container Store Group

A hedge fund recently bought a new stake in The Container Store Group stock. Assenagon Asset Management S.A. acquired a new position in The Container Store Group, Inc. (NYSE:TCS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 306,272 shares of the specialty retailer’s stock, valued at approximately $165,000. Assenagon Asset Management S.A. owned about 0.59% of The Container Store Group at the end of the most recent reporting period. Institutional investors and hedge funds own 67.11% of the company’s stock.

The Container Store Group Company Profile

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, cosmetic and jewelry, shower and bathtub, drawer organizers, and cabinet storage products; closets that includes shoe storage, hangers, drawer organizers, boxes and bins, hanging storage bags, garment racks, jewelry storage, and bedding.