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

StockNews.com began coverage on shares of BGSF (NYSE:BGSF) in a research note issued to investors on Sunday. The firm set a “hold” rating on the stock.

BGSF Stock Down 0.2 %

BGSF stock opened at $5.24 on Friday. The stock has a market cap of $57.74 million, a P/E ratio of -52.39 and a beta of 1.55. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.50. The stock’s fifty day simple moving average is $5.73 and its two-hundred day simple moving average is $7.24. BGSF has a 1-year low of $5.14 and a 1-year high of $10.74.

BGSF (NYSE:BGSF) last released its earnings results on Wednesday, November 6th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.18). The business 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 firm earned $0.36 earnings per share. Analysts expect that BGSF will post -0.3 EPS for the current year.

Hedge Funds Weigh In On BGSF

Several institutional investors have recently bought and sold shares of the company. Cornerstone Wealth Group LLC bought a new stake in BGSF in the 3rd quarter valued at about $131,000. Geode Capital Management LLC raised its position 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 valued at $816,000 after purchasing an additional 3,092 shares during the period. Finally, King Luther Capital Management Corp raised its position in shares of BGSF by 500.0% in the second quarter. King Luther Capital Management Corp now owns 360,201 shares of the company’s stock valued at $3,080,000 after purchasing an additional 300,163 shares during the period. Hedge funds and other institutional investors own 37.19% of the company’s stock.

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.