Staffline Group (LON:STAF) Stock Price Down 8.9% – Here’s Why

Staffline Group plc (LON:STAF) shares traded down 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 were traded 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 has a current ratio of 0.99, a quick ratio of 0.94 and a debt-to-equity ratio of 28.24. The company has a market capitalization of £48.14 million, a P/E ratio of 11.58, a P/E/G ratio of 2.27 and a beta of 0.52. The company has a 50 day moving average price of GBX 40.32 and a 200 day moving average price of GBX 43.73.

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

Insider Activity

In other Staffline Group news, insider Thomas Spain sold 54,049 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of GBX 39, for a total transaction of £21,079.11. Also, insider Catherine Lynch acquired 23,750 shares of Staffline Group stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of GBX 41 per share, with a total value of £9,737.50. Insiders have sold a total of 900,189 shares of company stock valued at $35,503,442 in the last ninety days. 36.42% of the stock is currently owned by insiders.

Staffline Group Company Profile

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.