Staffline Group (LON:STAF) Shares Up 11.1% – Time to Buy?

Staffline Group plc (LON:STAF) shares were up 11.1% during mid-day trading on Tuesday . The company traded as high as GBX 24 ($0.30) and last traded at GBX 24 ($0.30). Approximately 546,663 shares changed hands during trading, an increase of 93% from the average daily volume of 283,811 shares. The stock had previously closed at GBX 21.60 ($0.27).

Staffline Group Stock Performance

The business’s fifty day moving average is GBX 22.98 and its two-hundred day moving average is GBX 27.95. The company has a quick ratio of 0.94, a current ratio of 0.93 and a debt-to-equity ratio of 47.04. The stock has a market capitalization of £31.13 million, a PE ratio of -1.65, a price-to-earnings-growth ratio of 2.27 and a beta of 1.74.

Insider Activity at Staffline Group

In other Staffline Group news, insider Thomas Spain sold 45,576 shares of Staffline Group stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of GBX 25 ($0.32), for a total transaction of £11,394 ($14,437.40). Over the last ninety days, insiders sold 863,451 shares of company stock valued at $18,914,842. 52.02% of the stock is owned by corporate insiders.

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.