On Assignment, Inc. (NYSE:ASGN) Stock Traded Above Its 50 Day Average


It is currently trading at $55.91 just a bit higher than $52.73, the stock’s 50 day moving average and which is just a bit higher than the 200 day moving average of $51.38. The 50 day moving average went up $3.18 or +6.04% and the 200 day average moved up $4.53. (NYSE:ASGN) shares saw light trading volume with 3,441 shares changing hands by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 98.80% under the normal average daily volume.

Traders are more bearish of late if you evaluate the motion in short interest. The firm experienced a rise in short interest of 5.82% as of September 29, 2017 from the last reporting period. Short interest grew 36,925 over that period. With short interest at 671,292 and short average daily volume at 259,441, the short-interest ratio is 3.0 and the percentage of shorted shares was 0.01% on September 29.

Additionally, here are a few investment firms who have increased or decreased their stake in (ASGN). Winslow, Evans & Crocker, Inc. downsized its ownership by selling 1,100 shares a decrease of 30.6% from 06/30/2017 to 09/30/2017. Winslow, Evans & Crocker, Inc. currently owns 2,490 shares worth $133,664,000. The value of the position overall is down by 31.2%. Meeder Asset Management Inc grew its investment by buying 357 shares an increase of 76.6% in the quarter. Meeder Asset Management Inc now controls 823 shares valued at $44,000. The total value of its holdings increased 76.0%.

Bank Of Montreal /can/ bolstered its position by buying 759 shares an increase of 985.7%. Bank Of Montreal /can/ now holds 836 shares with a value of $45,000. The total value of its holdings increased 1,025.0%. Sit Investment Associates Inc reduced its holdings by selling 1,500 shares a decrease of 3.5% as of 09/30/2017. Sit Investment Associates Inc controls 41,275 shares with a value of $2,216,000. The total value of its holdings decreased 4.3%.

The most current P/E ratio is 27.45 and the market value is 2.95B. In the latest earnings report the EPS was $2.04 and is projected to be $2.86 for the current year with 52,804,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.73 with next year’s EPS anticipated to be $3.11.

On Assignment, Inc., launched on May 26, 1992, is a global provider of professionals in the technology, life sciences and creative sectors. The Company matches people into positions for contract, contract-to-hire and direct hire assignments. Its operating segments include the Apex Segment and the Oxford Segment. The Apex Segment provides a spectrum of technical and scientific professionals for contract, contract-to-hire and permanent placement positions to mid-market clients across the United States. The Oxford Segment provides staffing and consulting services in select skill and geographic markets. As of December 31, 2015, the Company provided contract professionals to approximately 12,500 clients..