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

SThree plc (LON:STEM) shares dropped 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 changed hands during 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 Timo Lehne purchased 85,028 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was purchased 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 company’s stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of GBX 344 ($4.34) per share, for a total transaction of £18,920 ($23,879.84). Insiders have acquired a total of 90,633 shares of company stock worth $33,813,420 in the last 90 days. Corporate insiders own 6.23% of the company’s stock.

SThree Stock Performance

The company has a debt-to-equity ratio of 11.91, a current ratio of 1.89 and a quick ratio of 1.69. The company has a fifty day moving average price of GBX 355.10 and a 200 day moving average price of GBX 391.80. The stock has a market cap of £358.83 million, a P/E ratio of 642.86, a P/E/G ratio of 0.75 and a beta of 0.98.

SThree Company Profile

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.