Staffing 360 Solutions (STAF) Shares Down 8.2%

Staffing 360 Solutions Inc (NASDAQ:STAF) shares fell 8.2% during trading on Friday . The company traded as low as $1.55 and last traded at $1.56. 900 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 538,891 shares. The stock had previously closed at $1.70.

STAF has been the subject of a number of recent research reports. Zacks Investment Research downgraded Staffing 360 Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. ValuEngine downgraded Staffing 360 Solutions from a “buy” rating to a “hold” rating in a report on Friday, January 4th.

The firm has a market cap of $12.35 million, a price-to-earnings ratio of -3.67 and a beta of 1.91.

Staffing 360 Solutions (NASDAQ:STAF) last posted its quarterly earnings data on Wednesday, March 20th. The business services provider reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.04). The company had revenue of $74.09 million during the quarter, compared to analyst estimates of $80.00 million. On average, equities analysts anticipate that Staffing 360 Solutions Inc will post -0.1 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Friday, February 15th were issued a $0.01 dividend. The ex-dividend date was Thursday, February 14th. This represents a $0.04 dividend on an annualized basis and a yield of 2.55%. Staffing 360 Solutions’s payout ratio is -9.30%.

A hedge fund recently bought a new stake in Staffing 360 Solutions stock. Vanguard Group Inc acquired a new stake in Staffing 360 Solutions Inc (NASDAQ:STAF) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,073 shares of the business services provider’s stock, valued at approximately $46,000. Vanguard Group Inc owned 0.44% of Staffing 360 Solutions as of its most recent SEC filing. 3.02% of the stock is owned by institutional investors and hedge funds.

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About Staffing 360 Solutions (NASDAQ:STAF)

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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