Midtown Partners Reaffirms “Strong-Buy” Rating for Staffing 360 Solutions Inc (STAF)
Staffing 360 Solutions Inc (NASDAQ:STAF)‘s stock had its “strong-buy” rating reaffirmed by equities researchers at Midtown Partners in a note issued to investors on Tuesday, May 9th. They currently have a $2.00 price target on the business services provider’s stock. Midtown Partners’ price target suggests a potential upside of 210.22% from the stock’s previous close.
Separately, Zacks Investment Research downgraded Staffing 360 Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, January 17th.
Staffing 360 Solutions (NASDAQ:STAF) traded down 0.73% on Tuesday, hitting $0.64. 73,056 shares of the company were exchanged. The company has a 50 day moving average price of $0.80 and a 200-day moving average price of $0.78. Staffing 360 Solutions has a 52 week low of $0.45 and a 52 week high of $3.70. The stock’s market capitalization is $9.28 million.
Staffing 360 Solutions (NASDAQ:STAF) last issued its earnings results on Wednesday, May 17th. The business services provider reported ($0.29) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.25) by $0.04. The firm had revenue of $40.71 million during the quarter, compared to analysts’ expectations of $46.52 million. Staffing 360 Solutions had a negative net margin of 3.93% and a negative return on equity of 88.61%. On average, equities analysts expect that Staffing 360 Solutions will post ($0.36) earnings per share for the current fiscal year.
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In other Staffing 360 Solutions news, insider Brendan Flood bought 100,000 shares of Staffing 360 Solutions stock in a transaction dated Friday, March 3rd. The stock was acquired at an average cost of $0.62 per share, with a total value of $62,000.00. Following the purchase, the insider now directly owns 952,283 shares in the company, valued at approximately $590,415.46. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 13.02% of the company’s stock.
About Staffing 360 Solutions
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