BG Staffing (NYSE:BGSF) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “BG Staffing, Inc. is a national provider of temporary staffing services across a diverse set of industries. Its present business segments offer temp services in the Multi-Family, Professional and Commercial sectors. In the Multi-Family segment BG offers temporary workers that perform front office and maintenance personnel in 18 states (Nevada, Arizona, Colorado, Kansas, Oklahoma, Texas, Missouri, Wisconsin, Illinois, Tennessee, Georgia, Florida, N. Carolina, Virginia, Maryland, Pennsylvania, Massachusetts, Rhode Island); temporary skilled contract labor for Finance & Accounting and also for IT implementation and maintenance projects nationwide from offices in 5 states (Texas, Louisiana, N. Carolina, Maryland, Rhode Island); temp labor services in various skilled and unskilled positions to primarily distribution and logistics customers in its Commercial segment in 5 states (Texas, Wisconsin, Illinois, Tennessee, Mississippi). BG Staffing, Inc. is headquartered in Plano, Texas. “

BG Staffing (NYSE:BGSF) traded down 0.86% during trading on Tuesday, reaching $15.07. The company’s stock had a trading volume of 53,559 shares. The stock has a 50 day moving average price of $16.85 and a 200 day moving average price of $16.65. BG Staffing has a 1-year low of $10.53 and a 1-year high of $21.75. The stock has a market capitalization of $130.63 million and a PE ratio of 19.62.

BG Staffing (NYSE:BGSF) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.11. The firm earned $62.60 million during the quarter, compared to analyst estimates of $49.80 million. Analysts anticipate that BG Staffing will post $1.52 earnings per share for the current fiscal year.

About BG Staffing

BG Staffing, Inc (BG Staffing) is a provider of temporary staffing services. The Company provides temporary workers to a range of customers that are seeking to match their workforce requirements to their business needs. Its customers operate across a diverse set of industries. The Company’s operations are organized into three segments: Commercial, Multifamily and Professional.

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