Staffline Group (LON:STAF) Shares Down 6.2% - Here's What Happened

Key Points

• Staffline Group's shares dropped by 6.2%, reaching GBX 42.20 ($0.57), with a significant decline in trading volume of 54% compared to the average.
• The company reported a negative return on equity of 42.09% and a net margin of -2.04% in its latest quarterly earnings.
• Insider Thomas Spain sold nearly 110,000 shares of Staffline Group, contributing to a total of over 575,000 shares sold by insiders in the last three months.

Shares of Staffline Group plc (LON:STAF - Get Free Report) fell 6.2% during trading on Friday . The company traded as low as GBX 42.20 ($0.57) and last traded at GBX 42.20 ($0.57). 185,626 shares were traded during trading, a decline of 54% from the average session volume of 406,059 shares. The stock had previously closed at GBX 45 ($0.61).

Staffline Group Stock Down 6.2%

The stock has a 50 day moving average price of GBX 45.96 and a 200 day moving average price of GBX 38.04. The stock has a market capitalization of £50.31 million, a price-to-earnings ratio of 1,406.67, a price-to-earnings-growth ratio of 2.27 and a beta of 1.74. 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 (LON:STAF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported GBX 0.60 EPS for the quarter. Staffline Group had a negative return on equity of 42.09% and a negative net margin of 2.04%. As a group, analysts forecast that Staffline Group plc will post 4.3026706 EPS for the current year.

Insider Activity at Staffline Group

In other news, insider Thomas Spain sold 109,988 shares of Staffline Group stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of GBX 44, for a total transaction of £48,394.72. Insiders sold 575,079 shares of company stock worth $24,774,815 over the last quarter. Company insiders own 32.66% 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.