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

Research analysts at StockNews.com started coverage on shares of BGSF (NYSE:BGSF - Get Free Report) in a note issued to investors on Friday. The brokerage set a "hold" rating on the stock.

BGSF Stock Down 2.7 %

NYSE BGSF traded down $0.13 during trading on Friday, hitting $4.77. The company's stock had a trading volume of 6,418 shares, compared to its average volume of 11,320. BGSF has a fifty-two week low of $4.70 and a fifty-two week high of $10.49. The company has a market cap of $52.54 million, a PE ratio of -47.50 and a beta of 1.55. 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 business's 50 day simple moving average is $5.30 and its 200-day simple moving average is $6.56.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new position in shares of BGSF in the 4th quarter valued at $29,000. Millennium Management LLC purchased a new stake in BGSF during the 4th quarter valued at about $60,000. Allworth Financial LP acquired a new position in shares of BGSF in the fourth quarter valued at about $101,000. Cornerstone Wealth Group LLC acquired a new stake in shares of BGSF during the third quarter worth about $131,000. Finally, Northern Trust Corp boosted its position in BGSF by 43.8% in the fourth quarter. Northern Trust Corp now owns 37,675 shares of the company's stock valued at $197,000 after buying an additional 11,483 shares during the last quarter. Institutional investors and hedge funds 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.