Staffing 360 Solutions (STAF) Rating Increased to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of Staffing 360 Solutions (NASDAQ:STAF) from a sell rating to a hold rating in a report published on Wednesday.

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. “

Separately, ValuEngine downgraded Staffing 360 Solutions from a buy rating to a hold rating in a research note on Friday, January 4th.

STAF opened at $2.30 on Wednesday. Staffing 360 Solutions has a 1 year low of $1.14 and a 1 year high of $5.65.

Staffing 360 Solutions (NASDAQ:STAF) last released its quarterly earnings results on Monday, November 19th. The business services provider reported ($0.43) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.37). The company had revenue of $71.32 million during the quarter, compared to analyst estimates of $76.16 million. Sell-side analysts anticipate that Staffing 360 Solutions will post -1.19 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Staffing 360 Solutions stock. Vanguard Group Inc bought a new stake in shares of Staffing 360 Solutions Inc (NASDAQ:STAF) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 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 filing with the Securities and Exchange Commission. Institutional investors own 2.39% of the company’s stock.

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.

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