Staffline Group (LON:STAF) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Staffline Group plc (LON:STAF)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 42.96 and traded as high as GBX 43. Staffline Group shares last traded at GBX 43, with a volume of 94,108 shares.

Staffline Group Trading Up 4.6%

The company has a market capitalization of £47.05 million, a PE ratio of 7.96, a PEG ratio of 2.27 and a beta of 0.52. The company has a current ratio of 0.99, a quick ratio of 0.94 and a debt-to-equity ratio of 56.76. The stock has a fifty day moving average of GBX 41.60 and a two-hundred day moving average of GBX 42.96.

Staffline Group (LON:STAF) last released its quarterly earnings data on Tuesday, July 28th. The company reported GBX 1.90 EPS for the quarter. Staffline Group had a return on equity of 17.30% and a net margin of 0.56%. As a group, sell-side analysts anticipate that Staffline Group plc will post 4.3026706 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Catherine Lynch acquired 23,750 shares of the stock in a transaction on Friday, June 5th. The stock was acquired at an average cost of GBX 41 per share, for a total transaction of £9,737.50. Also, insider Thomas Spain sold 21,691 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of GBX 43, for a total value of £9,327.13. Insiders sold 505,658 shares of company stock valued at $20,822,830 over the last 90 days. 36.42% of the stock is currently owned by company 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. 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.