StockNews.com Initiates Coverage on BGSF (NYSE:BGSF)

Investment analysts at StockNews.com initiated coverage on shares of BGSF (NYSE:BGSF) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the stock.

BGSF Stock Performance

BGSF stock opened at $5.15 on Tuesday. The stock’s 50 day moving average price is $5.56 and its 200 day moving average price is $7.01. The firm has a market capitalization of $56.72 million, a PE ratio of -51.44 and a beta of 1.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.75 and a current ratio of 1.75. BGSF has a one year low of $5.03 and a one year high of $10.49.

BGSF (NYSE:BGSF) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.18). The company had revenue of $71.19 million for the quarter, compared to the consensus estimate of $75.00 million. BGSF had a positive return on equity of 0.19% and a negative net margin of 0.48%. During the same quarter in the previous year, the company earned $0.36 earnings per share. As a group, sell-side analysts expect that BGSF will post -0.3 EPS for the current fiscal year.

Institutional Trading of BGSF

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in BGSF by 3.3% in the third quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock valued at $816,000 after purchasing an additional 3,092 shares during the period. Cornerstone Wealth Group LLC acquired a new stake in BGSF in the third quarter valued at $131,000. Finally, Allworth Financial LP acquired a new stake in BGSF in the fourth quarter valued at $101,000. 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.