Staffline Group (LON:STAF) Sets New 52-Week Low – Here’s Why

Staffline Group plc (LON:STAF)’s share price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as GBX 36.50 and last traded at GBX 37.48, with a volume of 77,033 shares. The stock had previously closed at GBX 38.10.

Staffline Group Trading Up 2.4%

The firm’s 50 day moving average price is GBX 39.83 and its 200-day moving average price is GBX 42.54. The stock has a market cap of £43.10 million, a P/E ratio of 7.16, a P/E/G ratio of 2.27 and a beta of 0.51. The company has a debt-to-equity ratio of 56.76, a current ratio of 0.99 and a quick ratio of 0.94.

Insider Activity at Staffline Group

In related news, insider Thomas Spain sold 176,007 shares of Staffline Group stock in a transaction dated Friday, October 30th. The stock was sold at an average price of GBX 39, for a total value of £68,642.73. Insiders sold 819,863 shares of company stock worth $33,164,199 over the last 90 days. Company insiders own 35.76% of the company’s stock.

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.