BGSF (NYSE:BGSF) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com began coverage on shares of BGSF (NYSE:BGSF) in a note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

BGSF Trading Up 2.7 %

NYSE BGSF opened at $5.26 on Monday. The company has a fifty day simple moving average of $5.60 and a two-hundred day simple moving average of $7.10. The stock has a market cap of $57.97 million, a P/E ratio of -52.59 and a beta of 1.55. BGSF has a 12-month low of $5.03 and a 12-month high of $10.74. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.50.

BGSF (NYSE:BGSF) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.07) earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $75.00 million. During the same period in the prior year, the business posted $0.36 EPS. On average, analysts forecast that BGSF will post -0.3 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BGSF stock. Cornerstone Wealth Group LLC acquired a new stake in BGSF, Inc. (NYSE:BGSF) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,552 shares of the company’s stock, valued at approximately $131,000. Cornerstone Wealth Group LLC owned approximately 0.14% of BGSF as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds 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.