On Assignment, Inc. (ASGN) Sees Strong Trading Volume
On Assignment, Inc. (NASDAQ:ASGN) saw unusually-strong trading volume on Wednesday . Approximately 301,238 shares were traded during trading, a decline of 4% from the previous session’s volume of 315,399 shares.The stock last traded at $35.30 and had previously closed at $35.81.
Separately, Zacks Investment Research raised shares of On Assignment from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Thursday, June 16th.
The firm has a market capitalization of $1.89 billion and a P/E ratio of 24.88. The stock has a 50-day moving average price of $37.13 and a 200 day moving average price of $36.58.
In other news, COO Michael Mcgowan sold 8,000 shares of On Assignment stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $37.01, for a total value of $296,080.00. Following the completion of the transaction, the chief operating officer now directly owns 207,083 shares in the company, valued at $7,664,141.83. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
On Assignment, Inc is a provider of professionals in the technology, life sciences and creative sectors. The Company matches people into positions for contract, contract-to-hire and direct hire assignments. Its operating segments include the Apex Segment and the Oxford Segment. The Apex Segment provides a spectrum of technical and scientific professionals for contract, contract-to-hire and permanent placement positions to Fortune 1000 and mid-market clients across the United States.
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