Staffline Group (LON:STAF) Shares Cross Below 200 Day Moving Average – Here’s Why

Shares of Staffline Group plc (LON:STAF) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 45.07 and traded as low as GBX 44. Staffline Group shares last traded at GBX 44, with a volume of 65 shares.

Staffline Group Stock Performance

The firm has a market capitalization of £51.11 million, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 2.27 and a beta of 1.74. The firm’s 50-day moving average price is GBX 45.34 and its two-hundred day moving average price is GBX 45.07. The company has a debt-to-equity ratio of 47.04, a quick ratio of 0.94 and a current ratio of 0.93.

Insider Buying and Selling at Staffline Group

In related news, insider Thomas Spain sold 34,720 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of GBX 46, for a total value of £15,971.20. Over the last 90 days, insiders sold 497,273 shares of company stock valued at $22,688,983. Company insiders own 33.50% of the company’s stock.

Staffline Group Company Profile

Staffline Group plc, together with its subsidiaries, provides recruitment and outsourced human resource services, and skills and employment training and support services in the United Kingdom and the Republic of Ireland. It operates through three segments: Recruitment GB, Recruitment Ireland, and PeoplePlus. The company provides solutions to the agriculture, supermarkets and retail, drinks, driving, food processing, manufacturing, and logistics sectors. It also offers adult and prison education, skills-based employability programmes and support, recruitment process outsourcing, and managed service provider solutions; branches, permanent, and contract recruitment solutions; generalist recruitment services; workforce recruitment and management to industry customers; and technical and engineering recruitment services.