Adecco Group (OTCMKTS:AHEXY) Shares Cross Below 200 Day Moving Average – Here’s Why

by · The Cerbat Gem

Adecco Group AG (OTCMKTS:AHEXY – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.51 and traded as low as $16.12. Adecco Group shares last traded at $16.15, with a volume of 52,017 shares.

Analysts Set New Price Targets

Separately, Barclays raised shares of Adecco Group to a “strong-buy” rating in a report on Wednesday, June 26th.

Get Our Latest Research Report on AHEXY

Adecco Group Stock Performance

The firm has a market cap of $5.54 billion, a PE ratio of 16.44, a PEG ratio of 0.86 and a beta of 1.44. The stock’s fifty day simple moving average is $16.49 and its 200-day simple moving average is $17.50. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 1.00.

Adecco Group (OTCMKTS:AHEXY – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.34 earnings per share for the quarter. The firm had revenue of $6.29 billion for the quarter. Adecco Group had a net margin of 1.28% and a return on equity of 13.25%. On average, sell-side analysts forecast that Adecco Group AG will post 1.51 earnings per share for the current year.

About Adecco Group

(Get Free Report)

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.

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