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TBAC moved 75%+ after reporting Q2-12 EPS of $0.39 vs. $0.10 Q2-11 EPS. |
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Released on Sunday, February 12, 2012, 11:00 PM
Pittsburgh, PA (SpeculatingStocks) - Tandy Brands Accessories, Inc. (NASDAQ:TBAC) is a tiny company trading at a market cap of $12.86 million. However, last Friday, TBAC had a very big day, moving from $0.78 to $1.82.
Before the big move, TBAC bottomed out between $1.00 - $1.25 for over 4 months then snapped higher on Q2 2012 earnings.
Tandy Brands is a leading designer and marketer of branded men's, women's and children's accessories, including belts, gifts and small leather goods. Merchandise is marketed under various national as well as private brand names through all major retail distribution channels.
TBAC's revenue was up $2.5 million to $45.4 million for Q2 and EPS was $0.39 versus $0.10 for the same period last fiscal year.
Before the big move, increased volume was coming in then after earnings release volume spiked significantly into the hundreds of thousands. TBAC is a low float play with only about 7 million shares outstanding overall.
Pay close attention to how TBAC reacts after its big move on Friday.
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