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

Equities research analysts at StockNews.com started coverage on shares of BGSF (NYSE:BGSF) in a note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

BGSF Trading Up 1.7 %

NYSE BGSF opened at $5.17 on Monday. The company has a market capitalization of $56.92 million, a price-to-earnings ratio of -51.64 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 12 month low of $5.03 and a 12 month high of $10.74. The company’s fifty day moving average price is $5.61 and its two-hundred day moving average price is $7.15.

BGSF (NYSE:BGSF) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $71.19 million during the quarter, compared to the consensus estimate of $75.00 million. During the same period in the prior year, the firm earned $0.36 earnings per share. As a group, research analysts predict that BGSF will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in BGSF stock. Geode Capital Management LLC increased its position in shares of BGSF, Inc. (NYSE:BGSF) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,845 shares of the company’s stock after purchasing an additional 3,092 shares during the period. Geode Capital Management LLC owned 0.88% of BGSF worth $816,000 at the end of the most recent quarter. 37.19% of the stock is owned by institutional investors.

BGSF Company Profile

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.