Price Action Report: BG Staffing Inc’s Stock Is Sell After Touching 1 Year Low

Price Action Report: BG Staffing Inc's Stock Is Sell After Touching 1 Year Low

The stock of BG Staffing Inc (NYSEMKT:BGSF) hit a new 52-week low and has $10.49 target or 11.00% below today’s $11.79 share price. The 9 months bearish chart indicates high risk for the $89.09 million company. The 1-year low was reported on Nov, 7 by Barchart.com. If the $10.49 price target is reached, the company will be worth $9.80 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 8.75% or $1.13 on November 7, hitting $11.79. About 67,446 shares traded hands or 10.32% up from the average. BG Staffing Inc (NYSEMKT:BGSF) has declined 12.11% since April 5, 2016 and is downtrending. It has underperformed by 14.07% the S&P500.

BG Staffing Inc (NYSEMKT:BGSF) Ratings Coverage

Out of 2 analysts covering BG Staffing (NYSEMKT:BGSF), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. BG Staffing has been the topic of 2 analyst reports since December 1, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, December 1 by TH Capital. The firm has “Buy” rating given on Tuesday, December 1 by Roth Capital.

According to Zacks Investment Research, “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.”

More notable recent BG Staffing Inc (NYSEMKT:BGSF) news were published by: Prnewswire.com which released: “BG Staffing, Inc. Announces Q3 2016 Financial Results” on October 31, 2016, also Prnewswire.com with their article: “BG Staffing, Inc. Declares $0.25 per Share Cash Dividend” published on October 19, 2016, Prnewswire.com published: “BG Staffing, Inc. Sets Dates to Report Financial Results for Q3 and Nine-Month …” on October 18, 2016. More interesting news about BG Staffing Inc (NYSEMKT:BGSF) were released by: Prnewswire.com and their article: “BG Staffing, Inc. Announces Q2 2016 Financial Results” published on August 01, 2016 as well as Zacks.com‘s news article titled: “What Falling Estimates amp; Price Mean for BG Staffing (BGSF)” with publication date: November 07, 2016.

BGSF Company Profile

BG Staffing, Inc. (BG Staffing), incorporated on August 27, 2007, is a well-known provider of temporary staffing services. The Firm provides temporary workers to a range of clients that are seeking to match their workforce requirements to their business needs. The Company’s clients operate across a diverse set of industries. The Company’s activities are organized into three divisions: Commercial, Multifamily and Professional. The Company’s subsidiaries include BG Staffing, LLC, B G Staff Services, Inc., BG Personnel, LP, and BG Finance and Accounting, Inc.

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