Staffline Group (LON:STAF) Stock Price Down 8.9% – Should You Sell?

Staffline Group plc (LON:STAF)’s stock price was 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 traded hands during trading, an increase of 238% from the average session volume of 222,494 shares. The stock had previously closed at GBX 48.30.

Staffline Group Price Performance

The company has a fifty day simple moving average of GBX 40.32 and a two-hundred day simple moving average of GBX 43.73. The stock has a market capitalization of £48.14 million, a price-to-earnings ratio of 11.58, a PEG ratio of 2.27 and a beta of 0.52. The company has a debt-to-equity ratio of 28.24, a quick ratio of 0.94 and a current ratio of 0.99.

Staffline Group (LON:STAF) last released its 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 13.11% and a net margin of 0.43%. As a group, equities research analysts expect that Staffline Group plc will post 4.3026706 earnings per share for the current fiscal year.

Insider Transactions at Staffline Group

In other news, insider Thomas Spain sold 54,049 shares of the business’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 value of £21,079.11. 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 cost of GBX 41 per share, with a total value of £9,737.50. Insiders have sold 900,189 shares of company stock worth $35,503,442 over the last quarter. Corporate insiders own 36.42% of the company’s stock.

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.