Staffing 360 Solutions, Inc. (STAF) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Staffing 360 Solutions, Inc. (NASDAQ:STAF) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

According to Zacks, “Staffing 360 Solutions, Inc. is engaged in a global buy-and-build strategy through the acquisition of staffing organizations in the US and the UK. Through both organic growth and acquisitions, the Company provides permanent placement services in the finance and accounting, administrative, engineering and IT staffing space. Staffing 360 Solutions, Inc. is headquartered in New York, with its UK headquarters in London. “

Staffing 360 Solutions (NASDAQ STAF) opened at 0.62 on Friday. The company’s market cap is $9.61 million. The firm’s 50-day moving average price is $0.59 and its 200-day moving average price is $0.68. Staffing 360 Solutions has a 12-month low of $0.45 and a 12-month high of $1.73.

Staffing 360 Solutions (NASDAQ:STAF) last posted its quarterly earnings results on Tuesday, August 15th. The business services provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.02. Staffing 360 Solutions had a negative net margin of 3.78% and a negative return on equity of 86.16%. The company had revenue of $42.12 million during the quarter. Equities research analysts forecast that Staffing 360 Solutions will post ($0.37) earnings per share for the current fiscal year.

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