Staffing 360 Solutions Inc (STAF) Cut to Hold at Zacks Investment Research

Staffing 360 Solutions Inc (NASDAQ:STAF) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Saturday.

According to Zacks, “Staffing 360 Solutions, Inc. is involved in the acquisition of staffing companies primarily in the United States and Europe. The Company provides permanent placements and consulting services which includes risk audits, due diligence for mergers and acquisition targets as well as internal audit assessments. Staffing 360 Solutions, Inc. is headquartered in New York. “

Shares of Staffing 360 Solutions (NASDAQ:STAF) opened at 1.36 on Friday. The company’s market capitalization is $10.22 million. Staffing 360 Solutions has a 12-month low of $1.22 and a 12-month high of $6.78. The company’s 50-day moving average is $1.44 and its 200-day moving average is $2.00.

Staffing 360 Solutions (NASDAQ:STAF) last released its earnings results on Monday, August 29th. The company reported ($0.52) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.24) by $0.28. The company earned $44.40 million during the quarter, compared to analysts’ expectations of $44.31 million. Analysts predict that Staffing 360 Solutions will post ($0.65) EPS for the current year.

About Staffing 360 Solutions

Staffing 360 Solutions, Inc is an international staffing company. The Company is engaged in acquisition of the United States (U.S.) and the United Kingdom (U.K.) based staffing companies. The Company’s business model is based on finding and acquiring, suitable, mature, operating, domestic and international staffing companies.

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