BidaskClub lowered shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) from a buy rating to a hold rating in a research report report published on Wednesday, July 19th.
Flexsteel Industries (NASDAQ FLXS) opened at 55.62 on Wednesday. The company has a market cap of $434.67 million, a PE ratio of 18.24 and a beta of 1.98. Flexsteel Industries has a 52-week low of $39.98 and a 52-week high of $62.99. The firm has a 50-day moving average price of $54.83 and a 200-day moving average price of $52.50.
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The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Friday, June 16th were issued a $0.20 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $0.80 annualized dividend and a dividend yield of 1.44%. Flexsteel Industries’s payout ratio is currently 26.40%.
About Flexsteel Industries
Flexsteel Industries, Inc is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. The Company offers its products for contract under categories, such as hospitality, healthcare, senior living, government and commercial office.
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