Bassett Furniture Industries (NASDAQ:BSET – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
Bassett Furniture Industries Stock Up 0.5 %
Shares of NASDAQ BSET opened at $14.91 on Tuesday. The business’s 50 day moving average price is $14.22 and its two-hundred day moving average price is $13.90. The company has a market cap of $131.22 million, a PE ratio of -7.65 and a beta of 1.68. Bassett Furniture Industries has a twelve month low of $12.10 and a twelve month high of $17.89.
Bassett Furniture Industries (NASDAQ:BSET – Get Free Report) last posted its earnings results on Wednesday, October 9th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.18). Bassett Furniture Industries had a negative return on equity of 3.47% and a negative net margin of 5.00%. The business had revenue of $75.62 million for the quarter, compared to analyst estimates of $78.63 million. During the same period in the previous year, the firm posted ($0.30) earnings per share. As a group, research analysts anticipate that Bassett Furniture Industries will post -0.77 EPS for the current fiscal year.
Insider Activity at Bassett Furniture Industries
Institutional Inflows and Outflows
An institutional investor recently raised its position in Bassett Furniture Industries stock. Inspire Advisors LLC increased its holdings in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET – Free Report) by 8.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,872 shares of the company’s stock after acquiring an additional 880 shares during the quarter. Inspire Advisors LLC owned about 0.13% of Bassett Furniture Industries worth $175,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 54.40% of the company’s stock.
Bassett Furniture Industries Company Profile
Bassett Furniture Industries, Incorporated, together with its subsidiaries, manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail Company-Owned Stores, and Corporate and Other. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products, including dining, bedroom and bedding, home decorations, rugs, and outdoor furniture to a network of company-owned retail stores, licensee-owned stores, and independent retailers.
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