BG Staffing, Inc. BGSF was a big mover last session, as the company saw its shares rise roughly 6% on the day. The stock moved up after the company announced that it has joined the Russell Microcap Index, effective after the close of markets on Jun 24, 2016. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $14.18 to $16.23 over the past one month time frame.
This staffing industry stock witnessed one positive estimate revision over the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for BG Staffing. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
BG Staffing sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.
Investors interested in the same space may also consider Insperity, Inc. NSP, carrying a Zacks Rank #1.
Is BGSF going up? Or down? Predict to see what others think: Up or Down
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