SThree (LON:STEM) Stock Price Up 6.9% – Here’s What Happened

Shares of SThree plc (LON:STEM) shot up 6.9% during mid-day trading on Tuesday . The stock traded as high as GBX 266.50 and last traded at GBX 260.92. 2,296,494 shares traded hands during mid-day trading, an increase of 275% from the average daily volume of 611,924 shares. The stock had previously closed at GBX 244.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 250 price objective on shares of SThree in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 270.

SThree Stock Performance

The firm has a market capitalization of £317.58 million, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 0.75 and a beta of 0.67. The company’s 50 day moving average is GBX 175.23 and its 200-day moving average is GBX 171.42. The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 23.25.

SThree (LON:STEM) last posted its quarterly earnings results on Tuesday, July 21st. The company reported GBX 2.10 earnings per share for the quarter. SThree had a net margin of 1.04% and a return on equity of 5.85%. As a group, equities analysts anticipate that SThree plc will post 38.490881 EPS for the current year.

SThree Company Profile

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 40 years of experience in pure-play STEM and a global team with local expertise across 11 countries, we cover high-demand skills across Engineering, Life Sciences and Technology roles.

We provide permanent and flexible contract talent to a diverse base of around 6,000 clients.