Staffing 360 Solutions (NASDAQ:STAF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday, reports.

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. “

STAF stock traded down $0.01 during mid-day trading on Thursday, reaching $0.72. 59,781 shares of the company traded hands, compared to its average volume of 210,113. Staffing 360 Solutions has a fifty-two week low of $0.28 and a fifty-two week high of $1.64. The firm’s 50 day moving average price is $0.91 and its 200 day moving average price is $0.70.

Staffing 360 Solutions (NASDAQ:STAF) last released its quarterly earnings results on Friday, June 26th. The business services provider reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.35). The company had revenue of $58.69 million for the quarter, compared to analyst estimates of $58.23 million. Staffing 360 Solutions had a negative net margin of 4.60% and a negative return on equity of 425.56%. As a group, sell-side analysts forecast that Staffing 360 Solutions will post -1.53 earnings per share for the current fiscal year.

About Staffing 360 Solutions

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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