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

Stock analysts at StockNews.com began coverage on shares of BGSF (NYSE:BGSF) in a report released on Sunday. The brokerage set a “hold” rating on the stock.

BGSF Stock Performance

Shares of BGSF opened at $5.24 on Friday. The stock has a 50-day moving average of $5.73 and a 200-day moving average of $7.24. BGSF has a one year low of $5.14 and a one year high of $10.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market cap of $57.74 million, a PE ratio of -52.39 and a beta of 1.55.

BGSF (NYSE:BGSF) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $71.19 million during the quarter, compared to analyst estimates of $75.00 million. During the same period last year, the business posted $0.36 EPS. On average, equities research analysts predict that BGSF will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. King Luther Capital Management Corp raised its position in BGSF by 500.0% in the 2nd quarter. King Luther Capital Management Corp now owns 360,201 shares of the company’s stock valued at $3,080,000 after buying an additional 300,163 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of BGSF by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 96,845 shares of the company’s stock worth $816,000 after acquiring an additional 3,092 shares in the last quarter. Finally, Cornerstone Wealth Group LLC purchased a new stake in shares of BGSF in the third quarter valued at about $131,000. 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.