Staffing 360 Solutions (STAF) Downgraded by Zacks Investment Research to Sell

Staffing 360 Solutions (NASDAQ:STAF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday, Zacks.com reports.

According to Zacks, “Staffing 360 Solutions, Inc. is engaged in a global buy-and-build strategy through the acquisition of staffing organizations in the US and the UK. Through both organic growth and acquisitions, the Company provides permanent placement services in the finance and accounting, administrative, engineering and IT staffing space. Staffing 360 Solutions, Inc. is headquartered in New York, with its UK headquarters in London. “

Separately, ValuEngine lowered Staffing 360 Solutions from a “buy” rating to a “hold” rating in a research report on Friday, January 4th.

NASDAQ:STAF remained flat at $$1.59 during midday trading on Thursday. 14,481 shares of the company traded hands, compared to its average volume of 606,550. Staffing 360 Solutions has a one year low of $1.14 and a one year high of $5.65. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 8.50. The firm has a market cap of $13.01 million, a P/E ratio of -3.70 and a beta of 1.91.

Staffing 360 Solutions (NASDAQ:STAF) last issued its quarterly earnings results on Wednesday, March 20th. The business services provider reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.04). The company had revenue of $74.09 million for the quarter, compared to the consensus estimate of $80.00 million. On average, research analysts anticipate that Staffing 360 Solutions will post -0.19 EPS for the current year.

A hedge fund recently bought a new stake in Staffing 360 Solutions stock. Vanguard Group Inc acquired a new stake in Staffing 360 Solutions Inc (NASDAQ:STAF) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 22,073 shares of the business services provider’s stock, valued at approximately $46,000. Vanguard Group Inc owned about 0.44% of Staffing 360 Solutions as of its most recent filing with the SEC. Institutional investors own 2.10% of the company’s stock.

About Staffing 360 Solutions

Staffing 360 Solutions, Inc, a staffing company, engages in the acquisition of staffing companies in the United States and the United Kingdom. The company operates through three segments: Commercial – US, Professional – US, and Professional – UK. It focuses primarily on the staffing companies supporting accounting and finance, information technology, engineering, administration, and commercial disciplines.

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