Staffline Group (LON:STAF) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Staffline Group plc (LON:STAF)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 44.92 and traded as low as GBX 40.54. Staffline Group shares last traded at GBX 41.60, with a volume of 30,018 shares changing hands.

Staffline Group Stock Up 4.0%

The company has a fifty day simple moving average of GBX 41.84 and a 200-day simple moving average of GBX 44.92. The company has a quick ratio of 0.94, a current ratio of 0.99 and a debt-to-equity ratio of 28.24. The firm has a market cap of £45.52 million, a P/E ratio of 10.95, a price-to-earnings-growth ratio of 2.27 and a beta of 0.45.

Staffline Group (LON:STAF) last released its quarterly earnings results on Tuesday, March 24th. The company reported GBX 4.50 earnings per share (EPS) for the quarter. Staffline Group had a return on equity of 13.11% and a net margin of 0.43%. On average, equities analysts anticipate that Staffline Group plc will post 4.3026706 earnings per share for the current year.

Insider Activity

In other Staffline Group news, insider Thomas Spain sold 69,681 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of GBX 41, for a total transaction of £28,569.21. Also, insider Catherine Lynch purchased 23,750 shares of the business’s stock in a transaction on Friday, June 5th. The shares were bought at an average cost of GBX 41 per share, with a total value of £9,737.50. Insiders have sold 970,434 shares of company stock valued at $39,230,744 in the last three months. 36.40% of the stock is currently owned by corporate 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.