Staffing 360 Solutions (STAF) Upgraded by Zacks Investment Research to Hold

Staffing 360 Solutions (NASDAQ:STAF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday, Zacks.com reports.

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. “

Shares of STAF traded up $0.02 during midday trading on Friday, reaching $1.62. The stock had a trading volume of 37,000 shares, compared to its average volume of 120,386. Staffing 360 Solutions has a one year low of $1.14 and a one year high of $5.65. The company has a market cap of $13.35 million, a PE ratio of -3.77 and a beta of 1.96. The company has a debt-to-equity ratio of 5.30, a current ratio of 0.74 and a quick ratio of 0.74.

Staffing 360 Solutions (NASDAQ:STAF) last announced its quarterly earnings data on Wednesday, March 20th. The business services provider reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The firm had revenue of $74.09 million for the quarter, compared to the consensus estimate of $80.00 million. Analysts expect that Staffing 360 Solutions will post -0.3 earnings per share for the current year.

An institutional investor recently bought a new position in Staffing 360 Solutions stock. Vanguard Group Inc bought a new position in shares of Staffing 360 Solutions Inc (NASDAQ:STAF) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 22,073 shares of the business services provider’s stock, valued at approximately $46,000. Vanguard Group Inc owned about 0.44% of Staffing 360 Solutions as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 3.49% of the company’s stock.

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. The company operates through three segments: Commercial – US, Professional – US, and Professional – UK. It focuses primarily on the staffing companies supporting accounting and finance, information technology, engineering, administration, and commercial disciplines.

Further Reading: Intrinsic Value

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