Staffing 360 Solutions Inc (STAF) Issues Earnings Results, Beats Estimates By $0.30 EPS

Staffing 360 Solutions Inc (NASDAQ:STAF) announced its quarterly earnings results on Monday. The business services provider reported $0.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.30. Staffing 360 Solutions had a negative net margin of 3.93% and a negative return on equity of 88.61%.

Shares of Staffing 360 Solutions (NASDAQ:STAF) traded up 0.0109% during midday trading on Friday, hitting $0.9201. 414,008 shares of the stock were exchanged. The stock’s market cap is $13.34 million. Staffing 360 Solutions has a 52-week low of $0.45 and a 52-week high of $3.70. The firm’s 50 day moving average price is $0.72 and its 200-day moving average price is $0.83.

Separately, Zacks Investment Research downgraded shares of Staffing 360 Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, January 17th.

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In related news, insider Brendan Flood acquired 100,000 shares of Staffing 360 Solutions stock in a transaction that occurred on Friday, March 3rd. The shares were purchased at an average price of $0.62 per share, for a total transaction of $62,000.00. Following the completion of the transaction, the insider now owns 952,283 shares in the company, valued at approximately $590,415.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 13.02% of the company’s stock.

About Staffing 360 Solutions

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