Human capital management company Futuris Company (OTCMKTS:FTRS) saw its stock take a bit of a beating on Tuesday as it ended the day with a loss of as much as 13%. The company is mainly involved in tech, staffing and consulting services and yesterday it came into focus after it made an announcement with regards to the launch of a new staging initiative.
Trading Data
On Tuesday, FTRS stock moved down 13.40% to $0.1413 with 15.2K shares, compared to its average volume of 13.27K shares. The stock moved within a range of $0.1350 – 0.1451 after opening trade at $0.1451.
Futuris Company Announces New Staffing Program and Welcomes Steve Crowell as VP of IT Staffing
The company announced that its subsidiary unit Cadan Technologies had started a new IT Staffing division that is going to be involved in the placement of information technology professionals. The professionals are going to be placed in temporary jobs, direct hire jobs and also need temp to hire jobs.
However, that is not all. Cadan is also going to provide a customised service so that the clients could get the perfect staffing solutions for their businesses.
The announcement was a significant one for Futuris Company and the rally in the stock was perhaps understandable considering the potential of the service. At this point in time it may be a good move from investors to perhaps consider adding the stock to their watch lists and watch for further movements in the coming days.
