Staffing 360 Solutions (NASDAQ:STAF) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Staffing 360 Solutions (NASDAQ:STAF) from a buy rating to a hold rating in a report released on Saturday, January 6th.

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 Staffing 360 Solutions (NASDAQ:STAF) remained flat at $$3.52 during midday trading on Friday. The stock had a trading volume of 4,620 shares, compared to its average volume of 97,325. The stock has a market capitalization of $13.80, a price-to-earnings ratio of -0.84 and a beta of 0.75. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 8.94. Staffing 360 Solutions has a 1-year low of $2.25 and a 1-year high of $6.60.

Staffing 360 Solutions (NASDAQ:STAF) last announced its quarterly earnings results on Wednesday, November 15th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.75) by $1.05. Staffing 360 Solutions had a negative return on equity of 64.82% and a negative net margin of 5.98%. sell-side analysts expect that Staffing 360 Solutions will post -3.3 earnings per share for the current fiscal year.

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Staffing 360 Solutions Company Profile

Staffing 360 Solutions, Inc operates in the staffing sector. The Company is engaged in the execution of a global buy-and-build strategy through the acquisition of domestic and international staffing organizations in the United States and the United Kingdom. Its targeted consolidation model is focused on the finance and accounting, administrative, engineering and information technology (IT) staffing space.

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