Staffline Group (LON:STAF) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Staffline Group plc (LON:STAF) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 43.70 and traded as high as GBX 45.90. Staffline Group shares last traded at GBX 43.70, with a volume of 40,446 shares traded.

Staffline Group Trading Down 1.4%

The stock’s 50-day moving average price is GBX 40.92 and its 200 day moving average price is GBX 43.70. 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 £47.81 million, a PE ratio of 8.09, a price-to-earnings-growth ratio of 2.27 and a beta of 0.52.

Staffline Group (LON:STAF) last announced its quarterly earnings results on Tuesday, July 28th. The company reported GBX 1.90 earnings per share (EPS) for the quarter. Staffline Group had a return on equity of 17.30% and a net margin of 0.56%. On average, sell-side analysts expect that Staffline Group plc will post 4.3026706 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Thomas Spain sold 67,340 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of GBX 44, for a total transaction of £29,629.60. Also, insider Catherine Lynch purchased 23,750 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of GBX 41 per share, for a total transaction of £9,737.50. Over the last ninety days, insiders have sold 967,529 shares of company stock valued at $38,466,402. 36.42% of the stock is currently owned by corporate insiders.

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.