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

Analysts at StockNews.com started coverage on shares of BGSF (NYSE:BGSF) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the stock.

BGSF Stock Up 2.7 %

Shares of NYSE BGSF opened at $5.26 on Monday. The company’s 50-day simple moving average is $5.60 and its 200-day simple moving average is $7.10. BGSF has a 52-week low of $5.03 and a 52-week high of $10.74. The firm has a market cap of $57.97 million, a price-to-earnings ratio of -52.59 and a beta of 1.55. 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 (NYSE:BGSF) last announced 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 negative net margin of 0.48% and a positive return on equity of 0.19%. The company had revenue of $71.19 million during the quarter, compared to analyst estimates of $75.00 million. During the same quarter last year, the business earned $0.36 EPS. Equities analysts predict that BGSF will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On BGSF

A hedge fund recently raised its stake in BGSF stock. Geode Capital Management LLC boosted its position in shares of BGSF, Inc. (NYSE:BGSF) by 3.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,845 shares of the company’s stock after purchasing an additional 3,092 shares during the period. Geode Capital Management LLC owned approximately 0.88% of BGSF worth $816,000 at the end of the most recent quarter. 37.19% of the stock is owned by hedge funds and other institutional investors.

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.