Bassett Furniture Industries Inc. (NASDAQ:BSET) has been downgraded to Sell in a report by Zacks Investment Research today.
- Updated: October 3, 2016
Boasting a price of $23.08, Bassett Furniture Industries Inc. (NASDAQ:BSET) traded -0.73% lower on the day. The last stock close price is down -16.25% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. Bassett Furniture Industries Inc. has recorded a 50-day average of $24.85 and a two hundred day average of $27.56. Volume of trade was up over the average, with 68,034 shares of BSET changing hands over the typical 46,039
Zacks Investment Research has downgraded Bassett Furniture Industries Inc. (NASDAQ:BSET) to Sell in a statement released on 10/03/2016.
With a total market value of $0, Bassett Furniture Industries Inc. has price-earnings ratio of 15.28 with a one year low of $22.42 and a one year high of $33.68 .
A total of 2 equity analysts have released a ratings update on Bassett Furniture Industries Inc.. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, one brokerage rating the company a hold, zero firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $32.50.
About Bassett Furniture Industries Inc. (NASDAQ:BSET)
Bassett Furniture Industries, Incorporated is a manufacturer, importer and retailer of home furnishings. The Company's segments include Wholesale, Retail – Company-owned stores and Logistical services. Its wholesale home furnishings segment is involved in the design, manufacture, sourcing, sale and distribution of furniture products to a network of Bassett stores (licensee-owned stores and Company-owned stores) and independent furniture retailers. Its retail segment consists of Company-owned stores. It operates its logistical services segment through its subsidiary, Zenith Freight Lines, LLC, which provides shipping, delivery and warehousing services. Its portfolio of products includes Canopy Bed, Nightstands, Baby Bedding, Bedside Tables, Chaise Lounge, Writing Desks, Kitchen Furniture, Computer Hutch, Game Tables and Fabric Ottomans. Its range of furniture products and accessories are sold through a nation-wide network of over 90 retail stores known as Bassett Home Furnishings.
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