Staffline Group (LON:STAF) Hits New 52-Week High – Still a Buy?

Staffline Group plc (LON:STAF)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 51 and last traded at GBX 51, with a volume of 151027 shares traded. The stock had previously closed at GBX 50.

Staffline Group Stock Performance

The company has a market cap of £58.85 million, a price-to-earnings ratio of 17.00, a P/E/G ratio of 2.27 and a beta of 1.74. The company has a current ratio of 0.93, a quick ratio of 0.94 and a debt-to-equity ratio of 47.04. The stock’s 50 day moving average price is GBX 45.37 and its 200 day moving average price is GBX 45.06.

Insider Buying and Selling

In related news, insider Thomas Spain purchased 138,612 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were bought at an average price of GBX 46 per share, with a total value of £63,761.52. Insiders have sold a total of 267,093 shares of company stock worth $12,286,278 over the last ninety days. Corporate insiders own 33.50% 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.