On Assignment, Inc. (ASGN) Shares Down 3.4%
On Assignment, Inc. (NASDAQ:ASGN) fell 3.4% during trading on Wednesday . The company traded as low as $38.45 and last traded at $39.05, with a volume of 374,609 shares. The stock had previously closed at $40.41.
Separately, Zacks Investment Research cut shares of On Assignment from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th.
The firm’s 50-day moving average price is $37.49 and its 200-day moving average price is $36.12. The firm has a market cap of $2.07 billion and a PE ratio of 27.23.
On Assignment (NASDAQ:ASGN) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.02. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The business earned $608.10 million during the quarter, compared to the consensus estimate of $600.12 million. The company’s revenue was up 25.3% compared to the same quarter last year. On average, equities research analysts anticipate that On Assignment, Inc. will post $3.13 EPS for the current fiscal year.
In other news, COO Michael Mcgowan sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $37.01, for a total value of $296,080.00. Following the completion of the sale, the chief operating officer now directly owns 207,083 shares in the company, valued at approximately $7,664,141.83. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
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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