Staffline Group (LON:STAF) Trading Up 11.2% – Here’s What Happened

Staffline Group plc (LON:STAF)’s stock price traded up 11.2% during trading on Thursday . The stock traded as high as GBX 41.80 and last traded at GBX 41.80. Approximately 1,089,519 shares traded hands during mid-day trading, an increase of 424% from the average daily volume of 207,891 shares. The stock had previously closed at GBX 37.60.

Staffline Group Stock Up 11.2%

The company has a market capitalization of £45.74 million, a PE ratio of 11.00, a P/E/G ratio of 2.27 and a beta of 0.52. The business’s 50 day simple moving average is GBX 39.83 and its 200 day simple moving average is GBX 43.76. The company has a debt-to-equity ratio of 28.24, a current ratio of 0.99 and a quick ratio of 0.94.

Insider Buying and Selling at Staffline Group

In related news, insider Catherine Lynch acquired 23,750 shares of Staffline Group stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of GBX 41 per share, for a total transaction of £9,737.50. Also, insider Thomas Spain sold 243,794 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of GBX 38, for a total transaction of £92,641.72. In the last ninety days, insiders sold 927,633 shares of company stock worth $36,738,422. Corporate insiders own 36.42% 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.