Stock Rating Upgrade
The Value Trend Rating for Bassett Furniture Industries Inc (NASDAQ: BSET) improved in the last week from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Bassett Furniture Industries Inc (NASDAQ: BSET) stock closed at $13.95 on 10/11/24 after being unchanged was unchanged. This flat performance was accompanied by normal trading volume. The stock is unchanged during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BSET is expected to be a modest Value Builder.
Bassett Furniture Industries has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Bassett Furniture Industries has a good Appreciation Score of 71 but a poor Power Rating of 29, triggering the Neutral Value Trend Rating.
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