SThree (LON:STEM) Shares Cross Above 50 Day Moving Average – Here’s Why

SThree plc (LON:STEM) shares passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 298.76 and traded as high as GBX 312.50. SThree shares last traded at GBX 312.50, with a volume of 2,320,624 shares trading hands.

Wall Street Analyst Weigh In

STEM has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on SThree from GBX 260 to GBX 360 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 250 target price on shares of SThree in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat, SThree currently has an average rating of “Buy” and a consensus price target of GBX 305.

SThree Stock Down 2.1%

The company has a market capitalization of £367.48 million, a price-to-earnings ratio of 30.15, a P/E/G ratio of 0.75 and a beta of 0.78. The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 23.25. The firm has a 50 day moving average price of GBX 299.69 and a two-hundred day moving average price of GBX 211.89.

Insider Buying and Selling at SThree

In related news, insider Timo Lehne purchased 20,427 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were acquired at an average cost of GBX 289 per share, for a total transaction of £59,034.03. Insiders have acquired 20,466 shares of company stock worth $5,915,234 over the last 90 days. 15.00% of the stock is currently owned by corporate insiders.

About SThree

SThree plc brings skilled people together to build the future. We are the global STEM workforce consultancy, placing highly skilled, STEM specialist workers in the industries where they are needed most. We advise businesses, build expert teams, and deliver project solutions for our clients. With 40 years of experience in pure-play STEM and a global team with local expertise across 11 countries, we cover high-demand skills across Engineering, Life Sciences and Technology roles.

We provide permanent and flexible contract talent to a diverse base of around 6,000 clients.