Staffing 360 Solutions (NASDAQ:STAF) Shares Cross Below 50-Day Moving Average of $0.32

Staffing 360 Solutions, Inc. (NASDAQ:STAF)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.32 and traded as low as $0.29. Staffing 360 Solutions shares last traded at $0.29, with a volume of 27,034 shares.

Staffing 360 Solutions Price Performance

The company has a debt-to-equity ratio of 1.14, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market cap of $2.52 million, a price-to-earnings ratio of -0.04 and a beta of 0.54. The stock has a fifty day moving average of $0.32 and a 200 day moving average of $0.42.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Staffing 360 Solutions stock. Armistice Capital LLC acquired a new stake in Staffing 360 Solutions, Inc. (NASDAQ:STAF) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 358,830 shares of the business services provider’s stock, valued at approximately $244,000. Armistice Capital LLC owned approximately 6.41% of Staffing 360 Solutions at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.19% of the company’s stock.

Staffing 360 Solutions Company Profile

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.