Barrett Business Services Inc. (BBSI) Sees Large Volume Increase
Shares of Barrett Business Services Inc. (NASDAQ:BBSI) saw an uptick in trading volume on Tuesday . 84,501 shares traded hands during mid-day 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 firm’s 50 day moving average price is $43.74 and its 200 day moving average price is $35.61. The company has a market cap of $341.87 million and a PE ratio of 15.12.
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 analyst estimates of $182 million. On average, equities analysts anticipate that Barrett Business Services Inc. will post $3.43 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $0.88 dividend on an annualized basis and a dividend 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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