Staffing 360 Solutions (NASDAQ:STAF) Rating Increased to Buy at Zacks Investment Research

Staffing 360 Solutions (NASDAQ:STAF – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday, Zacks.com reports. The brokerage presently has a $1.00 price objective on the business services provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 17.79% from the stock’s previous close.

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. “

STAF opened at $0.85 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average price of $0.74 and a 200-day moving average price of $0.83. Staffing 360 Solutions has a twelve month low of $0.52 and a twelve month high of $6.75. The stock has a market capitalization of $14.96 million, a price-to-earnings ratio of -0.22 and a beta of 1.45.

Several institutional investors and hedge funds have recently added to or reduced their stakes in STAF. State Street Corp purchased a new position in shares of Staffing 360 Solutions during the second quarter valued at approximately $38,000. Renaissance Technologies LLC purchased a new position in shares of Staffing 360 Solutions during the fourth quarter valued at approximately $378,000. Goldman Sachs Group Inc. purchased a new position in shares of Staffing 360 Solutions during the fourth quarter valued at approximately $35,000. Citadel Advisors LLC purchased a new position in shares of Staffing 360 Solutions during the fourth quarter valued at approximately $40,000. Finally, Virtu Financial LLC purchased a new position in shares of Staffing 360 Solutions during the fourth quarter valued at approximately $110,000. 6.81% of the stock is owned by hedge funds and other 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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