Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.94 and traded as high as $15.02. Bassett Furniture Industries shares last traded at $14.81, with a volume of 15,243 shares trading hands.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of Bassett Furniture Industries from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th.
View Our Latest Analysis on BSET
Bassett Furniture Industries Trading Up 0.1 %
The business's 50 day moving average price is $14.31 and its two-hundred day moving average price is $13.95. The stock has a market cap of $130.50 million, a P/E ratio of -7.64 and a beta of 1.68.
Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last posted its quarterly earnings data on Wednesday, October 9th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.18). Bassett Furniture Industries had a negative net margin of 5.00% and a negative return on equity of 3.47%. The firm had revenue of $75.62 million for the quarter, compared to the consensus estimate of $78.63 million. During the same period in the previous year, the firm posted ($0.30) earnings per share. As a group, analysts expect that Bassett Furniture Industries, Incorporated will post -0.77 earnings per share for the current year.
Bassett Furniture Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend is Friday, November 15th. Bassett Furniture Industries's dividend payout ratio is currently -41.03%.
Institutional Trading of Bassett Furniture Industries
A hedge fund recently raised its stake in Bassett Furniture Industries stock. Empowered Funds LLC boosted its holdings in Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Free Report) by 7.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,593 shares of the company's stock after purchasing an additional 1,575 shares during the quarter. Empowered Funds LLC owned about 0.26% of Bassett Furniture Industries worth $333,000 at the end of the most recent quarter. 54.40% of the stock is currently owned by hedge funds and other institutional investors.
Bassett Furniture Industries Company Profile
(
Get Free Report)
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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