Zacks Investment Research upgraded shares of Staffing 360 Solutions (NASDAQ:STAF) from a sell rating to a hold rating in a report published on Wednesday.
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 cut Staffing 360 Solutions from a buy rating to a hold rating in a report on Friday, January 4th.
Staffing 360 Solutions stock opened at $2.30 on Wednesday. Staffing 360 Solutions has a 52 week low of $1.14 and a 52 week high of $5.65.
Staffing 360 Solutions (NASDAQ:STAF) last posted its quarterly earnings results on Monday, November 19th. The business services provider reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.37). The firm had revenue of $71.32 million during the quarter, compared to the consensus estimate of $76.16 million. Sell-side analysts predict that Staffing 360 Solutions will post -1.19 earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in Staffing 360 Solutions stock. Vanguard Group Inc bought a new position in Staffing 360 Solutions Inc (NASDAQ:STAF) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 22,073 shares of the business services provider’s stock, valued at approximately $46,000. Vanguard Group Inc owned approximately 0.44% of Staffing 360 Solutions as of its most recent SEC filing. 2.39% of the stock is currently owned by institutional investors.
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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