SThree (LON:STEM) Shares Down 23.5% on Analyst Downgrade

SThree plc (LON:STEM) shares traded down 23.5% during 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). 2,873,337 shares changed hands during trading, an increase of 1,032% from the average session volume of 253,752 shares. The stock had previously closed at GBX 361 ($4.56).

Insider Transactions at SThree

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

SThree Trading Up 1.9 %

The business has a 50 day simple moving average of GBX 355.10 and a 200-day simple moving average of GBX 391.80. The stock has a market capitalization of £358.83 million, a price-to-earnings ratio of 642.86, a PEG 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.