Staffing 360 Solutions (NASDAQ:STAF) Stock Price Down 10%
Staffing 360 Solutions Inc (NASDAQ:STAF) shares were down 10% during trading on Friday . The stock traded as low as $0.87 and last traded at $0.90, approximately 500,400 shares changed hands during trading. An increase of 440% from the average daily volume of 92,668 shares. The stock had previously closed at $1.00.
Separately, Zacks Investment Research downgraded Staffing 360 Solutions from a “buy” rating to a “hold” rating in a report on Wednesday.
The firm has a fifty day simple moving average of $0.87 and a 200 day simple moving average of $1.16. The company has a market capitalization of $9.16 million, a PE ratio of -2.09 and a beta of 1.62. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.40 and a current ratio of 0.40.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Saturday, December 14th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, December 12th. This represents a $0.04 annualized dividend and a yield of 4.44%. Staffing 360 Solutions’s payout ratio is currently -9.30%.
A hedge fund recently raised its stake in Staffing 360 Solutions stock. Vanguard Group Inc. grew its stake in Staffing 360 Solutions Inc (NASDAQ:STAF) by 32.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,036 shares of the business services provider’s stock after acquiring an additional 7,628 shares during the quarter. Vanguard Group Inc. owned about 0.38% of Staffing 360 Solutions worth $48,000 at the end of the most recent quarter. 2.24% of the stock is owned by institutional investors and hedge funds.
About Staffing 360 Solutions (NASDAQ:STAF)
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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