Notable News Spotlight: Bassett Furniture Industries (Nasdaq:BSET)

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%.

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