Staffline Group (LON:STAF) Shares Down 8.9% – What’s Next?

Staffline Group plc (LON:STAF)’s stock price dropped 8.9% during mid-day trading on Wednesday . The company traded as low as GBX 43.88 and last traded at GBX 44. Approximately 752,787 shares changed hands during mid-day trading, an increase of 238% from the average daily volume of 222,494 shares. The stock had previously closed at GBX 48.30.

Staffline Group Price Performance

The company’s 50-day moving average price is GBX 40.56 and its 200-day moving average price is GBX 43.71. The company has a market cap of £48.59 million, a P/E ratio of 11.69, a P/E/G ratio of 2.27 and a beta of 0.52. The company has a debt-to-equity ratio of 28.24, a current ratio of 0.99 and a quick ratio of 0.94.

Staffline Group (LON:STAF) last issued its quarterly earnings results on Tuesday, July 28th. The company reported GBX 1.90 EPS for the quarter. Staffline Group had a return on equity of 13.11% and a net margin of 0.43%. As a group, sell-side analysts predict that Staffline Group plc will post 4.3026706 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Catherine Lynch acquired 23,750 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was bought at an average price of GBX 41 per share, for a total transaction of £9,737.50. Also, insider Thomas Spain sold 54,049 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of GBX 39, for a total value of £21,079.11. Insiders have sold a total of 900,189 shares of company stock worth $35,503,442 over the last three months. 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.