Staffline Group (LON:STAF) Trading Up 19.7% – Here’s Why

Staffline Group plc (LON:STAF) rose 19.7% during trading on Tuesday . The company traded as high as GBX 25 ($0.31) and last traded at GBX 22.50 ($0.28). Approximately 1,163,207 shares traded hands during mid-day trading, an increase of 399% from the average daily volume of 233,019 shares. The stock had previously closed at GBX 18.80 ($0.23).

Staffline Group Stock Up 24.3 %

The company’s 50 day moving average is GBX 23.60 and its 200 day moving average is GBX 29.48. The company has a market cap of £31.50 million, a PE ratio of -179.79, a P/E/G ratio of 2.27 and a beta of 1.74. The company has a current ratio of 0.93, a quick ratio of 0.94 and a debt-to-equity ratio of 47.04.

Insider Transactions at Staffline Group

In other Staffline Group news, insider Thomas Spain sold 385,800 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of GBX 21 ($0.26), for a total transaction of £81,018 ($100,793.73). Over the last three months, insiders have sold 596,969 shares of company stock valued at $12,940,836. 52.02% of the stock is currently owned by company insiders.

Staffline Group Company Profile

Staffline Group plc, together with its subsidiaries, provides recruitment and outsourced human resource services, and skills and employment training and support services in the United Kingdom and the Republic of Ireland. It operates through three segments: Recruitment GB, Recruitment Ireland, and PeoplePlus.