SThree (LON:STEM) Stock Jumps 1.8% – Here’s What Happened

Shares of SThree plc (LON:STEM) traded up 1.8% during trading on Wednesday. The company traded as high as GBX 317.50 and last traded at GBX 316.50. Approximately 160,181 shares were traded during trading, a decline of 77% from the average session volume of 705,896 shares. The stock had previously closed at GBX 311.

Analyst Upgrades and Downgrades

A number of brokerages have commented on STEM. Deutsche Bank Aktiengesellschaft upped their target price on shares of SThree from GBX 260 to GBX 360 and gave the stock a “buy” rating in a research note on Wednesday, September 9th. Berenberg Bank restated a “buy” rating and issued a GBX 250 price target on shares of SThree in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, SThree presently has a consensus rating of “Buy” and a consensus target price of GBX 305.

SThree Stock Performance

The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 23.25. The firm has a 50-day moving average price of GBX 296.44 and a 200 day moving average price of GBX 218.91. The firm has a market capitalization of £384.18 million, a PE ratio of 31.52, a price-to-earnings-growth ratio of 0.75 and a beta of 0.78.

SThree (LON:STEM) last released its quarterly earnings data on Tuesday, July 21st. The company reported GBX 2.10 earnings per share (EPS) for the quarter. SThree had a net margin of 1.04% and a return on equity of 5.85%. Research analysts expect that SThree plc will post 38.49 earnings per share for the current year.

Insider Activity

In other news, insider Timo Lehne purchased 20,427 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were bought at an average cost of GBX 289 per share, with a total value of £59,034.03. In the last three months, insiders purchased 20,466 shares of company stock worth $5,915,234. Insiders own 15.00% of the company’s stock.

About SThree

SThree plc brings skilled people together to build the future. We are the global STEM workforce consultancy, placing highly skilled, STEM specialist workers in the industries where they are needed most. We advise businesses, build expert teams, and deliver project solutions for our clients. With 40 years of experience in pure-play STEM and a global team with local expertise across 11 countries, we cover high-demand skills across Engineering, Life Sciences and Technology roles.

We provide permanent and flexible contract talent to a diverse base of around 6,000 clients.