Somewhat Positive News Coverage Very Likely to Affect Bassett Furniture Industries (BSET) Share Price
Media stories about Bassett Furniture Industries (NASDAQ:BSET) have been trending somewhat positive on Saturday, AlphaOne reports. The research group, a service of Accern, rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bassett Furniture Industries earned a media sentiment score of 0.04 on AlphaOne’s scale. AlphaOne also gave news stories about the company an impact score of 88 out of 100, meaning that recent media coverage is very likely to have an effect on the stock’s share price in the next several days.
Bassett Furniture Industries (BSET) traded up 3.21% during mid-day trading on Friday, reaching $32.15. The company had a trading volume of 20,980 shares. Bassett Furniture Industries has a one year low of $22.42 and a one year high of $32.50. The company’s 50-day moving average is $29.94 and its 200-day moving average is $28.58. The stock has a market capitalization of $344.65 million, a PE ratio of 22.47 and a beta of 1.25.
Bassett Furniture Industries (NASDAQ:BSET) last posted its earnings results on Thursday, March 30th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.02. The company had revenue of $105.90 million for the quarter, compared to analysts’ expectations of $108.90 million. Bassett Furniture Industries had a return on equity of 8.88% and a net margin of 3.66%. The company’s revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. Equities research analysts anticipate that Bassett Furniture Industries will post $1.47 earnings per share for the current year.
Separately, Zacks Investment Research raised Bassett Furniture Industries from a “sell” rating to a “hold” rating in a report on Tuesday, March 21st.
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Bassett Furniture Industries Company Profile
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.
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