Staffline Group (LON:STAF) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Staffline Group plc (LON:STAF) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 33.82 ($0.43) and traded as low as GBX 26.80 ($0.34). Staffline Group shares last traded at GBX 27.35 ($0.35), with a volume of 2,091 shares changing hands.

Staffline Group Price Performance

The stock has a 50-day moving average price of GBX 29.46 and a two-hundred day moving average price of GBX 33.82. The company has a current ratio of 0.93, a quick ratio of 0.94 and a debt-to-equity ratio of 47.04. The stock has a market cap of £36.11 million, a price-to-earnings ratio of -210.38, a PEG ratio of 2.27 and a beta of 1.74.

Insiders Place Their Bets

In related news, insider Thomas Spain sold 27,123 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of GBX 26 ($0.33), for a total value of £7,051.98 ($8,939.00). In the last quarter, insiders have sold 138,472 shares of company stock valued at $4,443,037. Insiders own 52.02% of the company’s stock.

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.