Staffing 360 Solutions (NASDAQ:STAF) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Staffing 360 Solutions (NASDAQ:STAF) from a hold rating to a buy rating in a research note published on Tuesday morning, Zacks.com reports. The brokerage currently has $1.25 target price on the business services provider’s stock.

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. “

NASDAQ STAF opened at $0.90 on Tuesday. The firm has a market cap of $15.44 million, a price-to-earnings ratio of -0.23 and a beta of 1.36. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $1.15 and a 200-day moving average price of $2.10. Staffing 360 Solutions has a twelve month low of $0.86 and a twelve month high of $8.52.

Staffing 360 Solutions (NASDAQ:STAF) last issued its quarterly earnings data on Monday, November 15th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Staffing 360 Solutions had a negative return on equity of 759.84% and a net margin of 6.28%. The business had revenue of $47.50 million for the quarter, compared to the consensus estimate of $54.27 million. During the same period in the prior year, the business posted ($2.34) earnings per share. Research analysts expect that Staffing 360 Solutions will post 1.1 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Armistice Capital LLC bought a new stake in Staffing 360 Solutions during the 2nd quarter valued at $2,965,000. State Street Corp purchased a new stake in shares of Staffing 360 Solutions during the 2nd quarter valued at $38,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Staffing 360 Solutions by 412.0% during the 2nd quarter. Vanguard Group Inc. now owns 783,203 shares of the business services provider’s stock valued at $450,000 after purchasing an additional 630,242 shares during the last quarter. 1.56% of the stock is currently owned by institutional investors.

About Staffing 360 Solutions

Staffing 360 Solutions, Inc engages in the provision of based staffing services. The firm engages in the acquisition and management of staffing companies in the information technology, financial, accounting, healthcare and cyber security industries. It operates through the following segments: Commercial Staffing, Professional Staffing-US and Professional Staffing-UK.

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