Staffline Group (LON:STAF) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Staffline Group plc (LON:STAF)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 43.97 and traded as low as GBX 39.70. Staffline Group shares last traded at GBX 39.70, with a volume of 23,496 shares changing hands.

Staffline Group Price Performance

The firm has a 50-day simple moving average of GBX 39.80 and a two-hundred day simple moving average of GBX 43.97. The company has a market capitalization of £43.44 million, a price-to-earnings ratio of 10.45, a P/E/G ratio of 2.27 and a beta of 0.52. The company has a current ratio of 0.99, a quick ratio of 0.94 and a debt-to-equity ratio of 28.24.

Insider Activity at Staffline Group

In other news, insider Thomas Spain sold 54,049 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of GBX 39, for a total value of £21,079.11. Also, insider Catherine Lynch acquired 23,750 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of GBX 41 per share, with a total value of £9,737.50. In the last 90 days, insiders sold 927,633 shares of company stock worth $36,738,422. Insiders own 36.42% of the company’s stock.

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.