Staffing 360 Solutions (NASDAQ:STAF) Shares to Reverse Split on Wednesday, June 26th

Shares of Staffing 360 Solutions, Inc. (NASDAQ:STAFFree Report) are going to reverse split on Wednesday, June 26th. The 1-10 reverse split was announced on Wednesday, June 26th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, June 26th.

Staffing 360 Solutions Stock Down 28.0 %

Shares of Staffing 360 Solutions stock traded down $0.09 on Monday, reaching $0.22. The company’s stock had a trading volume of 798,401 shares, compared to its average volume of 79,098. The company has a market capitalization of $1.41 million, a price-to-earnings ratio of -0.02 and a beta of 0.60. The firm’s fifty day simple moving average is $0.30 and its two-hundred day simple moving average is $0.33. Staffing 360 Solutions has a 52 week low of $0.22 and a 52 week high of $1.02. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 1.14.

Institutional Trading of Staffing 360 Solutions

A hedge fund recently bought a new stake in Staffing 360 Solutions stock. Armistice Capital LLC purchased a new stake in shares of Staffing 360 Solutions, Inc. (NASDAQ:STAFFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 358,830 shares of the business services provider’s stock, valued at approximately $244,000. Armistice Capital LLC owned 6.41% of Staffing 360 Solutions as of its most recent filing with the Securities & Exchange Commission. 15.19% of the stock is currently owned by institutional investors and hedge funds.

About Staffing 360 Solutions

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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.

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