SThree (LON:STEM) Shares Down 0.7% - Here's Why

Key Points

• SThree plc shares declined by 0.7% to GBX 160.91 ($2.16) in mid-day trading, with a trading volume 27% below its average.
• Analysts have revised their price targets, with Deutsche Bank lowering it to GBX 290 and Berenberg Bank to GBX 250, maintaining a "buy" rating.
• Insider transactions show significant activity, with 39,638 shares purchased by insiders worth over $7 million, indicating potential confidence in the company's future.

SThree plc (LON:STEM - Get Free Report) shares fell 0.7% during mid-day trading on Wednesday . The stock traded as low as GBX 159.60 ($2.14) and last traded at GBX 160.91 ($2.16). 482,068 shares traded hands during trading, a decline of 27% from the average session volume of 663,221 shares. The stock had previously closed at GBX 162 ($2.17).

Analyst Ratings Changes

Several research firms have issued reports on STEM. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of SThree from GBX 360 to GBX 290 and set a "buy" rating on the stock in a report on Tuesday, September 16th. Berenberg Bank decreased their price objective on shares of SThree from GBX 390 to GBX 250 and set a "buy" rating on the stock in a report on Tuesday, September 16th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 280.

SThree Price Performance

The stock's 50-day moving average price is GBX 184.49 and its 200 day moving average price is GBX 221.22. The firm has a market capitalization of £204.43 million, a price-to-earnings ratio of 738.12, a PEG ratio of 0.75 and a beta of 0.98. The company has a quick ratio of 1.69, a current ratio of 1.98 and a debt-to-equity ratio of 16.03.

SThree (LON:STEM - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported GBX 5.60 EPS for the quarter. SThree had a net margin of 3.33% and a return on equity of 20.90%. Equities research analysts expect that SThree plc will post 38.490881 earnings per share for the current fiscal year.

Insider Transactions at SThree

In other news, insider Timo Lehne acquired 7,404 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The stock was purchased at an average cost of GBX 139 per share, for a total transaction of £10,291.56. Insiders have bought 39,638 shares of company stock worth $7,030,107 in the last ninety days. 14.93% of the stock is currently owned by company insiders.

About SThree

SThree plc brings skilled people together to build the future. We are the global STEM workforce consultancy, placing highly skilled, STEM specialist workers in the industries where they are needed most. We advise businesses, build expert teams, and deliver project solutions for our clients. With more than 38 years of experience in pure-play STEM and a global team of 2,700+ people each with local expertise across 11 countries, we cover high-demand skills across Engineering, Life Sciences and Technology roles.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.