BGSF (NYSE:BGSF) Stock Price Down 1% – Should You Sell?

BGSF, Inc. (NYSE:BGSF)’s stock price was down 1% during trading on Monday. The stock traded as low as $4.91 and last traded at $4.95. 4,208 shares changed hands during trading, a decline of 56% from the average session volume of 9,458 shares. The stock had previously closed at $5.00.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of BGSF in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

BGSF Trading Up 0.6%

The company’s 50-day moving average is $5.36 and its two-hundred day moving average is $5.58. The stock has a market capitalization of $54.47 million, a P/E ratio of -6.89 and a beta of 0.44.

BGSF (NYSE:BGSF) last posted its earnings results on Wednesday, August 5th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.28). The firm had revenue of $22.31 million during the quarter, compared to the consensus estimate of $24.50 million. BGSF had a negative return on equity of 13.69% and a negative net margin of 8.99%.

Institutional Investors Weigh In On BGSF

Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new position in BGSF during the 2nd quarter valued at about $59,000. Walleye Capital LLC bought a new position in shares of BGSF in the first quarter valued at approximately $215,000. Empowered Funds LLC increased its stake in shares of BGSF by 9.3% during the first quarter. Empowered Funds LLC now owns 37,556 shares of the company’s stock valued at $243,000 after acquiring an additional 3,206 shares during the period. Allworth Financial LP acquired a new position in shares of BGSF during the second quarter valued at approximately $225,000. Finally, Oxford Financial Group LTD. LLC bought a new stake in BGSF during the second quarter worth approximately $288,000. Institutional investors and hedge funds own 37.19% of the company’s stock.

About BGSF

BGSF, Inc (NYSE: BGSF) is a provider of workforce solutions and professional services in the United States. The company helps businesses address staffing and operational needs through temporary, contract, contract-to-hire and direct-hire placement services, as well as consulting and managed services.

BGSF serves several specialized markets, including information technology, finance and accounting, and property management. Its offerings include technology staffing and consulting, finance and accounting professionals, and personnel supporting the operations of multifamily housing and other real estate properties.

The company was formerly known as BG Staffing, Inc and adopted the BGSF name as part of its broader brand and service strategy.