Zacks Investment Research Upgrades Staffing 360 Solutions (STAF) to Hold

Zacks Investment Research upgraded shares of Staffing 360 Solutions (NASDAQ:STAF) from a sell rating to a hold rating in a research note published on Saturday, Zacks.com 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. “

Shares of NASDAQ STAF opened at $1.60 on Friday. The stock has a market capitalization of $13.18 million, a P/E ratio of -3.72 and a beta of 1.96. Staffing 360 Solutions has a 52 week low of $1.14 and a 52 week high of $5.65. The company has a debt-to-equity ratio of 5.30, a quick ratio of 0.71 and a current ratio of 0.74.

Staffing 360 Solutions (NASDAQ:STAF) last issued its quarterly earnings data on Wednesday, March 20th. The business services provider reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.04). The company had revenue of $74.09 million for the quarter, compared to analysts’ expectations of $80.00 million. As a group, equities research analysts expect that Staffing 360 Solutions will post -0.3 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Friday, May 17th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.04 dividend on an annualized basis and a yield of 2.50%. Staffing 360 Solutions’s payout ratio is -9.30%.

An institutional investor recently bought a new position in Staffing 360 Solutions stock. Vanguard Group Inc purchased a new position in shares of Staffing 360 Solutions Inc (NASDAQ:STAF) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 22,073 shares of the business services provider’s stock, valued at approximately $46,000. Vanguard Group Inc owned about 0.44% of Staffing 360 Solutions at the end of the most recent reporting period. Hedge funds and other institutional investors own 2.45% 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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