Zacks Investment Research Upgrades Staffing 360 Solutions, Inc. (STAF) to “Hold”
Staffing 360 Solutions, Inc. (NASDAQ:STAF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.
According to Zacks, “Staffing 360 Solutions, Inc. is engaged in a global buy-and-build strategy through the acquisition of staffing organizations in the US and the UK. Through both organic growth and acquisitions, the Company provides permanent placement services in the finance and accounting, administrative, engineering and IT staffing space. Staffing 360 Solutions, Inc. is headquartered in New York, with its UK headquarters in London. “
Staffing 360 Solutions (STAF) traded down 13.39% during mid-day trading on Thursday, reaching $0.55. The company had a trading volume of 133,103 shares. Staffing 360 Solutions has a 12 month low of $0.45 and a 12 month high of $1.71. The stock’s market cap is $8.53 million. The firm’s 50-day moving average price is $0.59 and its 200-day moving average price is $0.68.
Staffing 360 Solutions (NASDAQ:STAF) last announced its earnings results on Tuesday, August 15th. The business services provider reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.02). The company had revenue of $42.12 million during the quarter. Staffing 360 Solutions had a negative return on equity of 86.16% and a negative net margin of 3.78%. Equities research analysts forecast that Staffing 360 Solutions will post ($0.37) EPS for the current fiscal year.
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About Staffing 360 Solutions
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