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

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

BGSF Stock Performance

NYSE:BGSF opened at $5.24 on Tuesday. The stock has a market cap of $57.69 million, a P/E ratio of -52.34 and a beta of 1.55. The firm’s fifty day simple moving average is $5.55 and its 200 day simple moving average is $6.98. BGSF has a twelve month low of $5.03 and a twelve month high of $10.49. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.50.

BGSF (NYSE:BGSF) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.18). The firm had revenue of $71.19 million for the quarter, compared to analysts’ expectations of $75.00 million. BGSF had a negative net margin of 0.48% and a positive return on equity of 0.19%. During the same period in the prior year, the business posted $0.36 EPS. As a group, research analysts predict that BGSF will post -0.3 EPS for the current year.

Hedge Funds Weigh In On BGSF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in BGSF by 3.3% during the third 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 during the period. Allworth Financial LP purchased a new position in shares of BGSF in the 4th quarter worth about $101,000. Finally, Cornerstone Wealth Group LLC purchased a new position in shares of BGSF in the 3rd quarter worth about $131,000. 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.