Staffing 360 Solutions, Inc. (STAF) Reaches $3.50 After 9.00% Up Move; MGP Ingredients (MGPI) Has 1.32 Sentiment

January 14, 2018 - By Michael Collier

The stock of Staffing 360 Solutions, Inc. (NASDAQ:STAF) is a huge mover today! The stock increased 4.47% or $0.15 during the last trading session, reaching $3.5. About 194,601 shares traded or 449.50% up from the average. Staffing 360 Solutions, Inc. (NASDAQ:STAF) has declined 70.01% since January 14, 2017 and is downtrending. It has underperformed by 86.71% the S&P500.The move comes after 9 months positive chart setup for the $67.90 million company. It was reported on Jan, 14 by We have $3.82 PT which if reached, will make NASDAQ:STAF worth $6.11M more.

MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients. The company has market cap of $1.26 billion. The firm operates through two divisions, Distillery Products and Ingredient Solutions. It has a 34.64 P/E ratio. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including vodka and gin; and food grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceuticals, and various other products, as well as for various industrial processors.

Manatuck Hill Partners Llc holds 5.7% of its portfolio in MGP Ingredients, Inc. for 192,600 shares. Conestoga Capital Advisors Llc owns 896,389 shares or 2.4% of their US portfolio. Moreover, Diker Management Llc has 1.81% invested in the company for 74,100 shares. The Florida-based Raymond James Financial Services Advisors Inc. has invested 1.8% in the stock. Millrace Asset Group Inc., a Pennsylvania-based fund reported 23,990 shares.

Analysts await MGP Ingredients, Inc. (NASDAQ:MGPI) to report earnings on March, 14. They expect $0.49 EPS, up 2.08% or $0.01 from last year’s $0.48 per share. MGPI’s profit will be $8.19 million for 38.47 P/E if the $0.49 EPS becomes a reality. After $0.38 actual EPS reported by MGP Ingredients, Inc. for the previous quarter, Wall Street now forecasts 28.95% EPS growth.

The stock decreased 1.50% or $1.15 during the last trading session, reaching $75.41. About 95,290 shares traded. MGP Ingredients, Inc. (MGPI) has risen 102.52% since January 14, 2017 and is uptrending. It has outperformed by 85.82% the S&P500.

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By1 Michael Collier

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