BGSF (NYSE:BGSF) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of BGSF (NYSE:BGSF) in a report published on Tuesday morning. The brokerage issued a hold rating on the stock.

BGSF Trading Up 2.0 %

Shares of BGSF opened at $5.24 on Tuesday. The firm’s 50 day simple moving average is $5.55 and its 200 day simple moving average is $6.98. The company has a market capitalization of $57.69 million, a P/E ratio of -52.34 and a beta of 1.55. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.75 and a quick ratio of 1.75. BGSF has a 1-year low of $5.03 and a 1-year high of $10.49.

BGSF (NYSE:BGSF) last announced its earnings results on Wednesday, November 6th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.18). BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. The company had revenue of $71.19 million during the quarter, compared to analysts’ expectations of $75.00 million. During the same period in the prior year, the business earned $0.36 earnings per share. Sell-side analysts forecast that BGSF will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in shares of BGSF by 3.3% in the third quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock worth $816,000 after purchasing an additional 3,092 shares during the last quarter. Allworth Financial LP bought a new position in shares of BGSF in the fourth quarter worth approximately $101,000. Finally, Cornerstone Wealth Group LLC bought a new position in shares of BGSF in the third quarter worth approximately $131,000. 37.19% of the stock is currently owned by institutional investors.

About BGSF

BGSF, Inc, together with its subsidiaries, provides consulting, managed services, and professional workforce solutions in the United States. It operates in two segments, Property Management and Professional. The Property Management segment offers office and maintenance field talent to various apartment communities and commercial buildings.