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

StockNews.com started coverage on shares of BGSF (NYSE:BGSF) in a research note released on Monday morning. The brokerage issued a hold rating on the stock.

BGSF Stock Performance

BGSF stock opened at $5.28 on Monday. 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 firm has a market cap of $58.19 million, a P/E ratio of -52.79 and a beta of 1.55. BGSF has a 1-year low of $5.03 and a 1-year high of $10.70. The firm has a 50-day moving average of $5.59 and a 200-day moving average of $7.09.

BGSF (NYSE:BGSF) last released 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 positive return on equity of 0.19% and a negative net margin of 0.48%. The business had revenue of $71.19 million during the quarter, compared to analysts’ expectations of $75.00 million. During the same quarter last year, the business posted $0.36 EPS. Sell-side analysts expect that BGSF will post -0.3 EPS for the current year.

Institutional Investors Weigh In On BGSF

An institutional investor recently raised its position in BGSF stock. Geode Capital Management LLC boosted its stake in BGSF, Inc. (NYSE:BGSF) by 3.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,845 shares of the company’s stock after buying 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 reporting period. 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.