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

Investment analysts at StockNews.com assumed 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 Down 0.7 %

BGSF stock opened at $5.19 on Tuesday. The firm has a market capitalization of $57.14 million, a P/E ratio of -51.84 and a beta of 1.55. The stock’s fifty day simple moving average is $5.54 and its 200-day simple moving average is $6.97. BGSF has a twelve month low of $5.03 and a twelve month high of $10.49. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.50.

BGSF (NYSE:BGSF) last issued 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). The company had revenue of $71.19 million for the quarter, compared to analysts’ expectations 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 last year, the company earned $0.36 EPS. As a group, equities analysts expect that BGSF will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BGSF

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