BGSF (NYSE:BGSF) Research Coverage Started at StockNews.com

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

BGSF Price Performance

BGSF stock opened at $5.14 on Tuesday. The stock has a market capitalization of $56.64 million, a PE ratio of -51.39 and a beta of 1.55. The company’s 50-day moving average is $5.53 and its 200-day moving average is $6.96. 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 quarterly earnings results 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 business had revenue of $71.19 million during the quarter, compared to the consensus estimate of $75.00 million. During the same period in the previous year, the business posted $0.36 EPS. Equities research analysts expect that BGSF will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On BGSF

Several large investors have recently modified their holdings of BGSF. Allworth Financial LP purchased a new stake in shares of BGSF during the 4th quarter worth approximately $101,000. Cornerstone Wealth Group LLC purchased a new position in BGSF in the 3rd quarter valued at approximately $131,000. Finally, Geode Capital Management LLC grew its stake in BGSF by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock valued at $816,000 after buying an additional 3,092 shares in the last quarter. Hedge funds and other institutional investors own 37.19% of the company’s stock.

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.