Staffing 360 Solutions (NASDAQ:STAF) Issues Earnings Results, Misses Estimates By $2.63 EPS

Staffing 360 Solutions (NASDAQ:STAF) announced its earnings results on Monday. The business services provider reported ($3.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.92) by ($2.63), Zacks reports. Staffing 360 Solutions had a negative return on equity of 551.45% and a negative net margin of 13.94%. The business had revenue of $44.18 million for the quarter, compared to analysts’ expectations of $45.81 million.

Staffing 360 Solutions Price Performance

Shares of STAF stock traded down $0.15 during midday trading on Wednesday, reaching $1.35. 33,357 shares of the company traded hands, compared to its average volume of 47,770. Staffing 360 Solutions has a 1-year low of $1.31 and a 1-year high of $9.40. The firm has a market cap of $1.23 million, a PE ratio of -0.02 and a beta of 0.55. The firm’s 50 day simple moving average is $2.32 and its two-hundred day simple moving average is $2.83.

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. It provides temporary contractors, and permanent placement services. The company focuses primarily on the staffing companies supporting accounting and finance, information technology, engineering, administration, and commercial disciplines.