Kelly Services (NASDAQ:KELYB) Stock Price Up 14.6% – Here’s Why
by Michael Walen · The Markets DailyKelly Services, Inc. (NASDAQ:KELYB – Get Free Report) shares shot up 14.6% during mid-day trading on Friday . The company traded as high as $17.50 and last traded at $19.9060. 170 shares changed hands during trading, a decline of 100% from the average session volume of 39,656 shares. The stock had previously closed at $17.37.
Wall Street Analyst Weigh In
Separately, Weiss Ratings cut Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Kelly Services presently has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on Kelly Services
Kelly Services Price Performance
The firm has a market capitalization of $651.99 million, a P/E ratio of -2.47 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.59 and a current ratio of 1.59. The business has a 50 day simple moving average of $16.95 and a two-hundred day simple moving average of $13.98.
Kelly Services (NASDAQ:KELYB – Get Free Report) last announced its earnings results on Thursday, May 7th. The business services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. Kelly Services had a positive return on equity of 3.07% and a negative net margin of 6.44%.
Kelly Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were given a dividend of $0.075 per share. The ex-dividend date was Monday, May 18th. This represents a $0.30 annualized dividend and a dividend yield of 1.6%. Kelly Services’s dividend payout ratio is -3.95%.
Kelly Services Company Profile
Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.