Staffing 360 Solutions (STAF) Raised to Hold at Zacks Investment Research
Staffing 360 Solutions (NASDAQ:STAF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.
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 downgraded Staffing 360 Solutions from a “buy” rating to a “hold” rating in a research report on Friday, January 4th.
Staffing 360 Solutions (NASDAQ:STAF) last issued its quarterly earnings results on Monday, November 19th. The business services provider reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.37). The business had revenue of $71.32 million during the quarter, compared to the consensus estimate of $76.16 million. On average, research analysts predict that Staffing 360 Solutions will post -1.19 EPS for the current year.
An institutional investor recently bought a new position in Staffing 360 Solutions stock. Vanguard Group Inc bought a new stake in Staffing 360 Solutions Inc (NASDAQ:STAF) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 22,073 shares of the business services provider’s stock, valued at approximately $46,000. Vanguard Group Inc owned approximately 0.44% of Staffing 360 Solutions at the end of the most recent reporting period. Institutional investors own 2.39% of the company’s stock.
Staffing 360 Solutions Company Profile
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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