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

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

Temple & Webster Group Price Performance

The firm’s fifty day moving average is $13.43 and its 200-day moving average is $14.04.

About Temple & Webster Group

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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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