Staffline Group (LON:STAF) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Staffline Group plc (LON:STAF) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 32.15 ($0.40) and traded as low as GBX 22 ($0.28). Staffline Group shares last traded at GBX 22.24 ($0.28), with a volume of 341,079 shares changing hands.

Staffline Group Price Performance

The company has a quick ratio of 0.94, a current ratio of 0.93 and a debt-to-equity ratio of 47.04. The company’s 50-day moving average is GBX 25.66 and its 200-day moving average is GBX 32.15. The stock has a market cap of £29.97 million, a price-to-earnings ratio of -171.08, a price-to-earnings-growth ratio of 2.27 and a beta of 1.74.

Insiders Place Their Bets

In related news, insider Thomas Spain sold 27,123 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of GBX 26 ($0.33), for a total value of £7,051.98 ($8,873.76). Insiders have sold a total of 455,578 shares of company stock valued at $9,861,346 over the last 90 days. 52.02% of the stock is currently owned by 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.