Extremely significant negative changes in Bassett Furniture Industries Inc (NASDAQ: BSET) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and the stock fell on very heavy volume.
Recent marginal negative changes in fundamentals have affected Bassett Furniture Industries Inc (NASDAQ: BSET): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Bassett Furniture Industries has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Bassett Furniture Industries has a slightly positive Appreciation Score of 62 but a slightly negative Power Rating of 30, resulting in the Low Neutral Value Trend Rating.
Recent Price Action
Bassett Furniture Industries Inc (NASDAQ: BSET) stock suffered a large decline of -6.1% on 12/11/24. The stock closed at $13.64. Moreover, trading volume in this decline was exceptionally high at 586% of normal. The stock has performed in line with the market over the last nine months and has declined -10.8% during the last week.
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