Staffline Group (LON:STAF) Trading 11.1% Higher – Should You Buy?

Staffline Group plc (LON:STAF) was up 11.1% on Tuesday . The company traded as high as GBX 24 ($0.30) and last traded at GBX 24 ($0.30). Approximately 546,663 shares were traded during trading, an increase of 93% from the average daily volume of 283,811 shares. The stock had previously closed at GBX 21.60 ($0.27).

Staffline Group Trading Up 11.1 %

The business’s 50 day simple moving average is GBX 23 and its two-hundred day simple moving average is GBX 28.17. The stock has a market cap of £31.13 million, a P/E ratio of -1.65, a PEG ratio of 2.27 and a beta of 1.74. The company has a quick ratio of 0.94, a current ratio of 0.93 and a debt-to-equity ratio of 47.04.

Insiders Place Their Bets

In other news, insider Thomas Spain sold 17,965 shares of Staffline Group stock in a transaction on Monday, February 10th. The shares were sold at an average price of GBX 24 ($0.30), for a total transaction of £4,311.60 ($5,439.13). Over the last quarter, insiders have sold 878,765 shares of company stock valued at $19,313,006. 52.02% of the stock is currently owned by insiders.

About Staffline Group

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.