BGSF (NYSE:BGSF) Earns Hold Rating from Analysts at StockNews.com

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

BGSF Price Performance

BGSF opened at $5.20 on Monday. BGSF has a 1 year low of $5.03 and a 1 year high of $10.74. The company’s 50 day simple moving average is $5.60 and its 200 day simple moving average is $7.12. The stock has a market capitalization of $57.30 million, a PE ratio of -51.99 and a beta of 1.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.75 and a current ratio of 1.75.

BGSF (NYSE:BGSF) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $71.19 million for the quarter, compared to analysts’ expectations of $75.00 million. During the same period in the prior year, the business earned $0.36 EPS. As a group, 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 grew its stake in shares of BGSF, Inc. (NYSE:BGSF) by 3.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,845 shares of the company’s stock after purchasing an additional 3,092 shares during the quarter. Geode Capital Management LLC owned 0.88% of BGSF worth $816,000 at the end of the most recent quarter. 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.