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

Staffline Group plc (LON:STAF)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 45.97 and traded as low as GBX 44.54. Staffline Group shares last traded at GBX 44.65, with a volume of 60,437 shares traded.

Staffline Group Stock Up 1.2%

The company has a quick ratio of 0.94, a current ratio of 0.99 and a debt-to-equity ratio of 28.24. The stock has a 50-day simple moving average of GBX 46.99 and a 200-day simple moving average of GBX 45.97. The firm has a market capitalization of £51.00 million, a PE ratio of 11.84, a P/E/G ratio of 2.27 and a beta of 0.47.

Staffline Group (LON:STAF) last released its earnings results on Tuesday, March 24th. The company reported GBX 4.50 earnings per share (EPS) for the quarter. Staffline Group had a return on equity of 13.11% and a net margin of 0.43%. Analysts forecast that Staffline Group plc will post 4.3026706 EPS for the current year.

Insider Transactions at Staffline Group

In other Staffline Group news, insider Thomas Spain sold 162,500 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of GBX 42, for a total value of £68,250. Insiders sold 418,990 shares of company stock valued at $19,749,585 over the last three months. Company insiders own 34.28% 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.