Barrett Business Services Inc. (BBSI) Sees Large Volume Increase
Barrett Business Services Inc. (NASDAQ:BBSI) shares saw unusually-high trading volume on Tuesday . Approximately 84,501 shares traded hands during trading, an increase of 29% from the previous session’s volume of 65,759 shares.The stock last traded at $47.06 and had previously closed at $46.46.
Separately, TheStreet upgraded Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Wednesday, August 17th.
The company has a market cap of $338.90 million and a PE ratio of 14.99. The stock’s 50-day moving average is $43.53 and its 200 day moving average is $35.53.
Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $1.30 EPS for the quarter. The company had revenue of $203.40 million for the quarter, compared to the consensus estimate of $182 million. On average, equities analysts expect that Barrett Business Services Inc. will post $3.43 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd will be issued a $0.22 dividend. The ex-dividend date is Thursday, August 18th. This represents a $0.88 dividend on an annualized basis and a yield of 1.88%.
Barrett Business Services, Inc (BBSI) is a provider of business management solutions for small and mid-sized companies. The Company has developed a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.
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