Staffline Group (LON:STAF) Hits New 52-Week Low – Should You Sell?

Staffline Group plc (LON:STAF)’s share price hit a new 52-week low on Wednesday. The stock traded as low as GBX 36.50 and last traded at GBX 37.48, with a volume of 77,033 shares changing hands. The stock had previously closed at GBX 38.10.

Staffline Group Stock Down 1.6%

The company has a debt-to-equity ratio of 56.76, a quick ratio of 0.94 and a current ratio of 0.99. The firm has a 50 day simple moving average of GBX 39.98 and a two-hundred day simple moving average of GBX 42.67. The stock has a market cap of £41.77 million, a P/E ratio of 6.94, a P/E/G ratio of 2.27 and a beta of 0.51.

Insider Activity at Staffline Group

In other news, insider Thomas Spain sold 245,398 shares of the firm’s stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of GBX 40, for a total transaction of £98,159.20. Insiders sold 819,863 shares of company stock worth $33,164,199 over the last quarter. 35.76% of the stock is currently owned by company insiders.

About Staffline Group

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.