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Tale of the Tape

Zacks Equity Research

Bassett Furniture (BSET) in Focus: Stock Moves 5.4% Higher
October 07, 2016


Trades from $3

Bassett Furniture Industries, Incorporated (BSET - Snapshot Report) was a big mover last session, as the company saw its shares rise over 5% on the day. The upside was driven by the company’s announcement of quarterly dividend. This resulted in solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company since Sep 9, as the stock is now trading above the volatile price range of $23.03 to $25.22.

The company has seen two negative revisions in the past one month, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Bassett Furniture currently carries a Zacks Rank #5 (Strong Sell).

A better-ranked stock in the same industry is American Woodmark Corp. (AMWD - Snapshot Report) sporting a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.

Is BSET going up? Or down? Predict to see what others think: Up or Down

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