SThree plc (LON:STEM – Get Free Report)’s stock price dropped 0.7% during mid-day trading on Tuesday . The stock traded as low as GBX 351.50 ($4.58) and last traded at GBX 354 ($4.61). Approximately 158,982 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 250,815 shares. The stock had previously closed at GBX 356.50 ($4.64).
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group cut their price objective on SThree from GBX 430 ($5.60) to GBX 420 ($5.47) and set a “hold” rating for the company in a research report on Tuesday, July 16th.
Read Our Latest Stock Analysis on STEM
SThree Trading Down 0.7 %
Insiders Place Their Bets
In other news, insider Timo Lehne acquired 85,028 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were purchased at an average cost of GBX 375 ($4.88) per share, with a total value of £318,855 ($415,067.69). Insiders purchased 85,107 shares of company stock worth $31,915,273 over the last three months. Insiders own 6.23% of the company’s stock.
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.
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