Bassett Furniture Industries (Nasdaq:BSET) changed 1.02% to recent value of $12.85. The stock transacted 46881 shares during most recent day however it has an average volume of 32.21K shares. It spotted trading -51.87% off 52-week high price. On the other end, the stock has been noted 1.58% away from the low price over the last 52-weeks.
On July 18, 2019, Bassett Furniture Industries (Nasdaq:BSET) announced that its Board of Directors has declared a dividend of $0.125 per share of outstanding common stock payable on August 30, 2019 to shareholders of record at the close of business on August 16, 2019.
Bassett Furniture Industries (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 103 company- and licensee-owned stores, Bassett has leveraged its strong brand name in furniture into a network of corporate and licensed stores that focus on providing consumers with a friendly environment for buying furniture and accessories. The most significant growth opportunity for Bassett continues to be the Company’s dedicated retail store program. Bassett’s retail strategy includes custom-built furniture that is ready for delivery in the home within 30 days. The stores also feature the latest on-trend furniture styles, free in-home design visits, and coordinated decorating accessories. Bassett also has a traditional wholesale business with more than 700 accounts on the open market, across the United States and internationally. BSET has a gross margin of 60.20% and an operating margin of 1.70% while its profit margin remained 1.30% for the last 12 months. Its earnings per share (EPS) expected to touch remained -47.50% for this year while earning per share for the next 5-years is expected to reach at 16.00%.
The company has 10.3M of outstanding shares and 9.87M shares were floated in the market. According to the most recent quarter its current ratio was 2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -5.45% from the mean of 20 days, -12.10% from mean of 50 days SMA and performed -28.98% from mean of 200 days price. Company’s performance for the week was -0.39%, -7.02% for month and YTD performance remained -35.88%.
Daniel Johnson – Category – Finance
Daniel Johnson studied a business degree majoring in finance and security analysis. He has a deep understanding of both technical and fundamental forms of analysis, he deeply believes that it makes a lot more sense for average investors to understand fundamental analysis, which he believes anyone can learn. Daniel has over 10 years of experience as a professional journalist, writer and an editor. He holds a bachelor’s degree in International Business from University of Melbourne. He writes articles about hot stocks, dividend growth investing, options trading, investment decisions, stock selection, portfolio management, and passive income generation. Daniel also reports on Finance category.
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