Staffline Group (LON:STAF) Releases Earnings Results

Key Points

• Staffline Group reported earnings of GBX 0.60 ($0.01) per share for the quarter, with a negative net margin of 2.04% and a return on equity of -42.09%.
• The company's stock price has decreased by 8.8% and opened at GBX 43.05 ($0.58), while its market cap is £55.85 million.
• Insider Thomas Spain sold 131,679 shares at an average price of GBX 40 ($0.53), with total insider sales amounting to approximately $19.39 million over the last three months.

Staffline Group (LON:STAF - Get Free Report) posted its earnings results on Tuesday. The company reported GBX 0.60 ($0.01) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Staffline Group had a negative return on equity of 42.09% and a negative net margin of 2.04%.

Staffline Group Trading Down 3.8%

Shares of STAF traded down GBX 1.60 ($0.02) during mid-day trading on Friday, hitting GBX 40 ($0.53). 1,207,211 shares of the company's stock traded hands, compared to its average volume of 451,652. The company has a quick ratio of 0.94, a current ratio of 0.93 and a debt-to-equity ratio of 47.04. Staffline Group has a 1 year low of GBX 18 ($0.24) and a 1 year high of GBX 51.05 ($0.68). The firm has a market capitalization of £51.89 million, a P/E ratio of -2.75, a PEG ratio of 2.27 and a beta of 1.74. The business's 50-day moving average price is GBX 44.91 and its 200-day moving average price is GBX 33.82.

Insiders Place Their Bets

In related news, insider Thomas Spain sold 262,626 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of GBX 41 ($0.54), for a total value of £107,676.66 ($142,920.97). Insiders sold 754,677 shares of company stock valued at $31,316,713 over the last 90 days. 52.02% of the stock is owned by corporate insiders.

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.