Staffing 360 Solutions (NASDAQ:STAF) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Staffing 360 Solutions, Inc. (NASDAQ:STAF) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1.72 and traded as high as $2.07. Staffing 360 Solutions shares last traded at $1.94, with a volume of 133,438 shares changing hands.

Staffing 360 Solutions Price Performance

The firm has a market capitalization of $1.77 million, a price-to-earnings ratio of 5.11 and a beta of 0.54. The stock has a fifty day moving average of $1.72 and a two-hundred day moving average of $2.31.

Staffing 360 Solutions (NASDAQ:STAF) last posted its quarterly earnings data on Monday, August 12th. The business services provider reported ($3.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($2.63). The company had revenue of $44.18 million during the quarter, compared to analyst estimates of $45.81 million. On average, research analysts forecast that Staffing 360 Solutions, Inc. will post -5.87 EPS for the current year.

Staffing 360 Solutions Company Profile

Staffing 360 Solutions, Inc, a staffing company, engages in the acquisition of staffing companies in the United States and the United Kingdom. It provides temporary contractors, and permanent placement services. The company focuses primarily on the staffing companies supporting accounting and finance, information technology, engineering, administration, and commercial disciplines.