Staffline Group (LON:STAF) Reaches New 1-Year Low – Here’s Why

Staffline Group plc (LON:STAF)’s stock price hit a new 52-week low on Wednesday. The company traded as low as GBX 36.50 and last traded at GBX 37.48, with a volume of 77,033 shares changing hands. The stock had previously closed at GBX 38.10.

Staffline Group Price Performance

The firm has a market capitalization of £41.77 million, a price-to-earnings ratio of 6.94, a PEG ratio of 2.27 and a beta of 0.51. The business has a 50-day moving average price of GBX 39.98 and a two-hundred day moving average price of GBX 42.67. The company has a current ratio of 0.99, a quick ratio of 0.94 and a debt-to-equity ratio of 56.76.

Insider Activity

In other news, insider Thomas Spain sold 245,398 shares of the business’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of GBX 40, for a total transaction of £98,159.20. Insiders have sold a total of 819,863 shares of company stock worth $33,164,199 over the last three months. Insiders own 35.76% 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.