Staffline Group (LON:STAF) Stock Price Up 19.7% – Time to Buy?

Shares of Staffline Group plc (LON:STAF) rose 19.7% during mid-day trading on Tuesday . The company traded as high as GBX 25 ($0.31) and last traded at GBX 22.50 ($0.28). Approximately 1,163,207 shares were traded during mid-day trading, an increase of 399% from the average daily volume of 233,019 shares. The stock had previously closed at GBX 18.80 ($0.24).

Staffline Group Price Performance

The business’s 50-day simple moving average is GBX 23.39 and its 200-day simple moving average is GBX 29.24. The stock has a market cap of £33.19 million, a PE ratio of -189.48, a PEG ratio of 2.27 and a beta of 1.74. The company has a quick ratio of 0.94, a current ratio of 0.93 and a debt-to-equity ratio of 47.04.

Insider Activity at Staffline Group

In related news, insider Thomas Spain sold 15,314 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of GBX 26 ($0.33), for a total transaction of £3,981.64 ($4,977.67). Insiders have sold 642,545 shares of company stock worth $14,080,236 over the last 90 days. 52.02% of the stock is owned by company insiders.

Staffline Group Company Profile

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.