Staffing 360 Solutions (STAF) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research cut shares of Staffing 360 Solutions (NASDAQ:STAF) from a hold rating to a sell rating in a report released on Wednesday morning.

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. “

Separately, ValuEngine upgraded shares of Staffing 360 Solutions from a hold rating to a buy rating in a report on Monday, July 2nd.

NASDAQ:STAF opened at $1.98 on Wednesday. Staffing 360 Solutions has a one year low of $1.14 and a one year high of $5.65. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of -5.16.

Staffing 360 Solutions (NASDAQ:STAF) last released its quarterly earnings data on Wednesday, August 15th. The business services provider reported ($0.46) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.38). The business had revenue of $59.73 million for the quarter, compared to analysts’ expectations of $65.76 million. Analysts anticipate that Staffing 360 Solutions will post -1.05 earnings per share for the current 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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