Staffing 360 Solutions (NASDAQ:STAF) Upgraded to “Hold” by Zacks Investment Research

Staffing 360 Solutions (NASDAQ:STAFGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

According to Zacks, “Staffing 360 Solutions, Inc. is engaged in a global buy-and-build strategy through the acquisition of staffing organizations in the US and the UK. Through both organic growth and acquisitions, the Company provides permanent placement services in the finance and accounting, administrative, engineering and IT staffing space. Staffing 360 Solutions, Inc. is headquartered in New York, with its UK headquarters in London. “

Shares of NASDAQ STAF opened at $0.67 on Wednesday. The stock has a market cap of $11.61 million, a price-to-earnings ratio of -0.18 and a beta of 1.47. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.02. Staffing 360 Solutions has a 1-year low of $0.61 and a 1-year high of $6.75. The stock’s 50-day moving average is $0.74 and its 200 day moving average is $1.00.

Several hedge funds and other institutional investors have recently made changes to their positions in STAF. Goldman Sachs Group Inc. purchased a new position in shares of Staffing 360 Solutions during the 4th quarter valued at about $35,000. State Street Corp bought a new position in Staffing 360 Solutions during the 2nd quarter worth approximately $38,000. Citadel Advisors LLC bought a new position in Staffing 360 Solutions during the 4th quarter worth approximately $40,000. Virtu Financial LLC bought a new position in Staffing 360 Solutions during the 4th quarter worth approximately $110,000. Finally, Renaissance Technologies LLC bought a new position in Staffing 360 Solutions during the 4th quarter worth approximately $378,000. 6.81% of the stock is currently owned by institutional investors.

Staffing 360 Solutions Company Profile (Get Rating)

Staffing 360 Solutions, Inc, a staffing company, engages in the acquisition of staffing companies in the United States and the United Kingdom. The company operates through three segments: Commercial – US, Professional – US, and Professional – UK. Its services primarily comprise the provision of temporary contractors; and the recruitment of candidates for permanent placement.

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