Zacks Investment Research Downgrades Staffing 360 Solutions (STAF) to Sell

Zacks Investment Research cut shares of Staffing 360 Solutions (NASDAQ:STAF) from a hold rating to a sell rating in a research note published 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. “

NASDAQ STAF opened at $1.54 on Wednesday. Staffing 360 Solutions has a twelve month low of $1.14 and a twelve month high of $5.65.

Staffing 360 Solutions (NASDAQ:STAF) last posted its quarterly earnings data on Monday, November 19th. The business services provider reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.37). The business had revenue of $71.32 million for the quarter, compared to analysts’ expectations of $76.16 million. On average, equities research analysts forecast that Staffing 360 Solutions will post -1.19 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.

Featured Article: Google Finance

Get a free copy of the Zacks research report on Staffing 360 Solutions (STAF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Staffing 360 Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Staffing 360 Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit