Staffline Group (LON:STAF) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Staffline Group plc (LON:STAF) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 46.04 and traded as high as GBX 51. Staffline Group shares last traded at GBX 49, with a volume of 417,948 shares traded.

Staffline Group Stock Down 0.6%

The company has a market cap of £55.06 million, a price-to-earnings ratio of 16.00, a P/E/G ratio of 2.27 and a beta of 0.51. The stock’s 50-day moving average is GBX 48.55 and its 200-day moving average is GBX 46.04. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 41.91.

Insider Activity

In other news, insider Thomas Spain bought 138,612 shares of Staffline Group stock in a transaction dated Wednesday, December 10th. The stock was bought at an average cost of GBX 46 per share, for a total transaction of £63,761.52. Over the last quarter, insiders have sold 291,210 shares of company stock worth $14,521,705. 34.00% of the stock is owned by corporate insiders.

About Staffline Group

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.