Bassett Furniture Industries ( – ) was upgraded by research analysts at from a “hold” rating to a “buy” rating in a research note issued on Friday.
Bassett Furniture Industries Stock Performance
Shares of traded down $0.33 during midday trading on Friday, reaching $14.76. 12,400 shares of the company traded hands, compared to its average volume of 14,142. Bassett Furniture Industries has a 12 month low of $13.30 and a 12 month high of $19.19. The stock’s 50-day simple moving average is $15.39 and its 200-day simple moving average is $15.53. The firm has a market cap of $130.04 million, a PE ratio of -39.89, a PEG ratio of 1.26 and a beta of 1.71.
Bassett Furniture Industries ( – ) last announced its earnings results on Thursday, January 25th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.21. Bassett Furniture Industries had a negative net margin of 0.81% and a positive return on equity of 0.76%. The business had revenue of $94.70 million during the quarter, compared to analysts’ expectations of $90.61 million. On average, equities research analysts expect that Bassett Furniture Industries will post 0.75 EPS for the current year.
Institutional Trading of Bassett Furniture Industries
Several large investors have recently made changes to their positions in the business. Qube Research & Technologies Ltd acquired a new stake in shares of Bassett Furniture Industries in the third quarter valued at approximately $30,000. Tower Research Capital LLC TRC acquired a new stake in shares of Bassett Furniture Industries in the 3rd quarter valued at $37,000. Citigroup Inc. acquired a new stake in shares of Bassett Furniture Industries in the 4th quarter valued at $93,000. Barclays PLC raised its position in shares of Bassett Furniture Industries by 5,904.5% during the fourth quarter. Barclays PLC now owns 6,665 shares of the company’s stock worth $116,000 after acquiring an additional 6,554 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of Bassett Furniture Industries by 6.7% during the third quarter. Royal Bank of Canada now owns 9,607 shares of the company’s stock valued at $150,000 after acquiring an additional 607 shares during the period. 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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