Staffline Group (LON:STAF) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• Staffline Group's shares surpassed the two hundred day moving average, reaching a price of GBX 46.40 ($0.63) during trading, indicating potential upward momentum in stock performance.
• The company reported a negative net margin of 2.04% and a negative return on equity of 42.09%, highlighting significant financial challenges despite a market capitalization of £55.28 million.
• Insider activity showed significant selling, with 687,361 shares sold over the last ninety days, raising concerns about investor confidence among company insiders.

Staffline Group plc (LON:STAF - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 39.37 ($0.53) and traded as high as GBX 46.40 ($0.63). Staffline Group shares last traded at GBX 46.40 ($0.63), with a volume of 130,552 shares trading hands.

Staffline Group Stock Performance

The stock's fifty day moving average is GBX 43.61 and its two-hundred day moving average is GBX 39.37. The firm has a market capitalization of £55.28 million, a price-to-earnings ratio of 1,546.67, a price-to-earnings-growth ratio of 2.27 and a beta of 1.74. The company has a debt-to-equity ratio of 47.04, a quick ratio of 0.94 and a current ratio of 0.93.

Staffline Group (LON:STAF - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported GBX 0.60 earnings per share for the quarter. Staffline Group had a negative net margin of 2.04% and a negative return on equity of 42.09%. Analysts forecast that Staffline Group plc will post 4.3026706 earnings per share for the current year.

Insiders Place Their Bets

In other Staffline Group news, insider Thomas Spain sold 262,626 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of GBX 41, for a total transaction of £107,676.66. Over the last ninety days, insiders have sold 687,361 shares of company stock worth $28,737,363. 32.66% of the stock is owned by company 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.

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