Staffing 360 Solutions Inc (NASDAQ:STAF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.

According to Zacks, “Staffing 360 Solutions, Inc. is involved in the acquisition of staffing companies primarily in the United States and Europe. The Company provides permanent placements and consulting services which includes risk audits, due diligence for mergers and acquisition targets as well as internal audit assessments. Staffing 360 Solutions, Inc. is headquartered in New York. “

Shares of Staffing 360 Solutions (NASDAQ:STAF) opened at 1.24 on Thursday. Staffing 360 Solutions has a 52-week low of $1.20 and a 52-week high of $6.40. The firm has a 50-day moving average price of $1.43 and a 200-day moving average price of $1.92. The stock’s market capitalization is $9.32 million.

Staffing 360 Solutions (NASDAQ:STAF) last released its quarterly earnings data on Monday, August 29th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by $0.28. The company earned $44.40 million during the quarter, compared to analyst estimates of $44.31 million. On average, analysts predict that Staffing 360 Solutions will post ($0.65) EPS for the current year.

About Staffing 360 Solutions

Staffing 360 Solutions, Inc is an international staffing company. The Company is engaged in acquisition of the United States (U.S.) and the United Kingdom (U.K.) based staffing companies. The Company’s business model is based on finding and acquiring, suitable, mature, operating, domestic and international staffing companies.

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