SThree (LON:STEM) Stock Price Down 23.5% Following Analyst Downgrade

SThree plc (LON:STEM)’s share price was down 23.5% during mid-day trading on Thursday after Berenberg Bank lowered their price target on the stock from GBX 520 to GBX 390. Berenberg Bank currently has a buy rating on the stock. SThree traded as low as GBX 221.50 ($2.80) and last traded at GBX 276 ($3.48). Approximately 2,873,337 shares traded hands during mid-day trading, an increase of 1,032% from the average daily volume of 253,752 shares. The stock had previously closed at GBX 361 ($4.56).

Insider Activity at SThree

In related news, insider Elaine O’Donnell acquired 5,500 shares of the stock in a transaction on Thursday, November 14th. The stock was purchased at an average price of GBX 344 ($4.34) per share, for a total transaction of £18,920 ($23,879.84). Also, insider Timo Lehne bought 85,028 shares of SThree stock in a transaction dated Wednesday, September 25th. The shares were bought at an average price of GBX 375 ($4.73) per share, for a total transaction of £318,855 ($402,442.26). Insiders bought 90,633 shares of company stock valued at $33,813,420 in the last ninety days. Insiders own 6.23% of the company’s stock.

SThree Stock Up 1.9 %

The firm has a 50 day moving average price of GBX 355.10 and a 200-day moving average price of GBX 391.80. The firm has a market cap of £358.83 million, a price-to-earnings ratio of 642.86, a price-to-earnings-growth ratio of 0.75 and a beta of 0.98. The company has a debt-to-equity ratio of 11.91, a current ratio of 1.89 and a quick ratio of 1.69.

About SThree

SThree plc provides specialist recruitment services in the sciences, technology, engineering, and mathematics markets in the United Kingdom, Austria, Germany, Switzerland, Netherlands, Spain, Belgium, France, the United States, Dubai, Japan. The company offers recruitment services for permanent and contract roles, as well as support services.