Shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.52 and traded as low as $14.74. Bassett Furniture Industries shares last traded at $14.86, with a volume of 39,613 shares.
Bassett Furniture Industries Stock Up 0.9%
The firm has a market capitalization of $127.54 million, a price-to-earnings ratio of -19.55, a P/E/G ratio of 1.30 and a beta of 1.24. The stock has a 50 day moving average of $16.79 and a 200 day moving average of $15.51.
Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last issued its earnings results on Wednesday, April 2nd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.02 by $0.19. The company had revenue of $82.16 million during the quarter, compared to analyst estimates of $79.71 million. Bassett Furniture Industries had a negative return on equity of 0.68% and a negative net margin of 2.04%. During the same quarter last year, the firm earned ($0.14) EPS. Analysts predict that Bassett Furniture Industries, Incorporated will post 0.75 earnings per share for the current year.
Hedge Funds Weigh In On Bassett Furniture Industries
A number of hedge funds have recently added to or reduced their stakes in BSET. Jane Street Group LLC acquired a new position in shares of Bassett Furniture Industries in the 4th quarter valued at about $158,000. FourThought Financial Partners LLC acquired a new position in Bassett Furniture Industries in the fourth quarter valued at approximately $180,000. Goldman Sachs Group Inc. boosted its stake in Bassett Furniture Industries by 97.4% in the first quarter. Goldman Sachs Group Inc. now owns 24,840 shares of the company's stock valued at $379,000 after acquiring an additional 12,258 shares during the period. Empowered Funds LLC boosted its stake in Bassett Furniture Industries by 7.9% in the first quarter. Empowered Funds LLC now owns 28,643 shares of the company's stock valued at $437,000 after acquiring an additional 2,089 shares during the period. Finally, Aristides Capital LLC boosted its stake in Bassett Furniture Industries by 16.0% in the fourth quarter. Aristides Capital LLC now owns 43,111 shares of the company's stock valued at $596,000 after acquiring an additional 5,935 shares during the period. Institutional investors and hedge funds own 54.40% of the company's stock.
About Bassett Furniture Industries
(
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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