StockNews.com assumed coverage on shares of BGSF (NYSE:BGSF - Free Report) in a research report report published on Tuesday. The brokerage issued a hold rating on the stock.
BGSF Stock Performance
BGSF traded up $0.03 during midday trading on Tuesday, reaching $5.18. The company had a trading volume of 3,414 shares, compared to its average volume of 12,197. The business has a 50-day moving average of $5.52 and a two-hundred day moving average of $6.94. 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 has a 1 year low of $5.03 and a 1 year high of $10.49. The company has a market cap of $57.05 million, a P/E ratio of -51.74 and a beta of 1.55.
BGSF (NYSE:BGSF - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported ($0.07) earnings per share (EPS) 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 firm had revenue of $71.19 million during the quarter, compared to analysts' expectations of $75.00 million. During the same period in the prior year, the company posted $0.36 earnings per share. As a group, equities research analysts predict that BGSF will post -0.3 earnings per share for the current fiscal year.
Hedge Funds Weigh In On BGSF
Large investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in shares of BGSF by 3.3% during the third 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 during the last quarter. Cornerstone Wealth Group LLC purchased a new stake in BGSF in the 3rd quarter worth $131,000. Finally, Allworth Financial LP bought a new position in shares of BGSF during the 4th quarter valued at about $101,000. 37.19% of the stock is currently owned by hedge funds and other institutional investors.
About BGSF
(
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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.
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