Staffing 360 Solutions (NASDAQ:STAF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, January 5th. The firm currently has a $0.75 price objective on the business services provider’s stock. Zacks Investment Research‘s price objective indicates a potential downside of 78.87% from the company’s current price.

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. “

Shares of Staffing 360 Solutions (STAF) opened at $3.55 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 8.94. Staffing 360 Solutions has a 52 week low of $2.25 and a 52 week high of $6.60. The stock has a market capitalization of $13.46, a PE ratio of -0.85 and a beta of 0.75.

Staffing 360 Solutions (NASDAQ:STAF) last issued its quarterly earnings results on Wednesday, November 15th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.75) by $1.05. Staffing 360 Solutions had a negative return on equity of 64.82% and a negative net margin of 5.98%. equities analysts predict that Staffing 360 Solutions will post -3.3 earnings per share for the current year.

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About Staffing 360 Solutions

Staffing 360 Solutions, Inc operates in the staffing sector. The Company is engaged in the execution of a global buy-and-build strategy through the acquisition of domestic and international staffing organizations in the United States and the United Kingdom. Its targeted consolidation model is focused on the finance and accounting, administrative, engineering and information technology (IT) staffing space.

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