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

Staffline Group plc (LON:STAF)’s stock price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 41.29 and traded as low as GBX 40.10. Staffline Group shares last traded at GBX 42, with a volume of 5,321 shares traded.

Staffline Group Stock Up 3.5%

The firm’s fifty day moving average price is GBX 40.90 and its 200-day moving average price is GBX 41.27. The company has a debt-to-equity ratio of 56.76, a current ratio of 0.99 and a quick ratio of 0.94. The firm has a market capitalization of £46.70 million, a P/E ratio of 7.76, a PEG ratio of 2.27 and a beta of 0.51.

Staffline Group (LON:STAF) last announced its earnings results on Tuesday, July 28th. The company reported GBX 1.90 EPS for the quarter. Staffline Group had a return on equity of 17.30% and a net margin of 0.56%. As a group, equities research analysts forecast that Staffline Group plc will post 4.30 earnings per share for the current year.

Insider Transactions at Staffline Group

In other news, insider Thomas Spain sold 245,398 shares of Staffline Group stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of GBX 40, for a total transaction of £98,159.20. Over the last three months, insiders sold 748,566 shares of company stock worth $30,907,166. Company insiders own 35.76% 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.