Staffline Group (LON:STAF) Shares Up 11.2% – Should You Buy?

Staffline Group plc (LON:STAF)’s share price was up 11.2% during trading on Thursday . The company traded as high as GBX 41.80 and last traded at GBX 41.80. Approximately 1,089,519 shares traded hands during mid-day trading, an increase of 424% from the average daily volume of 207,891 shares. The stock had previously closed at GBX 37.60.

Staffline Group Price Performance

The firm has a market capitalization of £45.95 million, a P/E ratio of 11.05, a PEG ratio of 2.27 and a beta of 0.52. The company has a fifty day moving average of GBX 39.98 and a 200 day moving average of GBX 43.72. The company has a debt-to-equity ratio of 28.24, a current ratio of 0.99 and a quick ratio of 0.94.

Insiders Place Their Bets

In related news, insider Thomas Spain sold 54,049 shares of Staffline Group stock in a transaction on Friday, June 26th. The shares were sold at an average price of GBX 39, for a total transaction of £21,079.11. Also, insider Catherine Lynch bought 23,750 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of GBX 41 per share, with a total value of £9,737.50. Over the last ninety days, insiders sold 927,633 shares of company stock worth $36,738,422. Insiders own 36.42% 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. 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.