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 changing hands.
Bassett Furniture Industries Price Performance
The company's 50 day simple moving average is $16.70 and its 200 day simple moving average is $15.51. The firm has a market cap of $124.06 million, a price-to-earnings ratio of -19.01, a P/E/G ratio of 1.31 and a beta of 1.24.
Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last released its earnings results on Wednesday, April 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.19. Bassett Furniture Industries had a negative return on equity of 0.68% and a negative net margin of 2.04%. The firm had revenue of $82.16 million during the quarter, compared to analyst estimates of $79.71 million. During the same period last year, the business posted ($0.14) earnings per share. As a group, analysts forecast that Bassett Furniture Industries, Incorporated will post 0.75 earnings per share for the current year.
Institutional Trading of Bassett Furniture Industries
Large investors have recently made changes to their positions in the company. Truffle Hound Capital LLC purchased a new position in Bassett Furniture Industries in the fourth quarter worth approximately $2,766,000. Gate City Capital Management LLC raised its holdings in shares of Bassett Furniture Industries by 59.7% in the 4th quarter. Gate City Capital Management LLC now owns 147,527 shares of the company's stock valued at $2,040,000 after purchasing an additional 55,130 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Bassett Furniture Industries in the 4th quarter valued at $158,000. FourThought Financial Partners LLC purchased a new stake in shares of Bassett Furniture Industries during the 4th quarter worth $180,000. Finally, Aristides Capital LLC lifted its position in shares of Bassett Furniture Industries by 16.0% during the 4th quarter. Aristides Capital LLC now owns 43,111 shares of the company's stock worth $596,000 after purchasing an additional 5,935 shares during the last 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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