Staffing firm On Assignment, Inc. (NASDAQ:ASGN) surged analyst anticipation in the Q1 as each of its four segments logged twice digit percentage revenue growth over the year earlier. Avondale analysts applauded the results, saying it unmoving believes investors have not fully familiar coming benefits from On Assignment’s current contract to purchase information-technology services provider Apex Systems Inc. previous month, On Assignment disclosed plans for the $505 million purchase, a tie-up it expects would create the second-biggest IT staffing firm in the US.
Sector analysis, over all tech sector moved up, Cross Country Healthcare, Inc. (NASDAQ:CCRN) moved up +8.35%, Robert Half International Inc. (NYSE:RHI) surged +0.96%, Paychex, Inc. (NASDAQ:PAYX) advanced +0.10, Manpower Inc (NYSE:MAN) fell -0.27%, DICE HOLDINGS, INC. (NYSE:DHX) which increased +4.37% and AMN Healthcare Services, Inc. (NYSE:AHS) rose +5.12%.
On Assignment, Inc. (NASDAQ:ASGN) after opening at $18.05 hit high price of $19.37 and then closed at $18.98 by surging +8.27% and on last session volume of 726,405.00 shares was higher than its average volume of 397,049.00 shares.
The stock price volatility was 4.89% for a week and 4.03% for a month as well as price volatility’s Average True Range for 14 days was 0.87 and its beta remained 2.16.
The liquidity measure in recent quarter results of the company was recorded 2.32 as current ratio and on the other side the debt to equity ratio was 0.35 and long-term debt to equity ratio also remained 0.33. The Company had total cash at hand $17.74 million and a book value per share as $6.67 in the most recent quarter.
ASGN generated revenue of 597.28 million in the following twelve months and earned $24.30 million. The Company showed a positive 4.07% in the net profit margin and as well as in its operating margin which remained 7.43%. Company’s annual sales growth for the past five year was 15.74%.
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