Adecco (OTCMKTS:AHEXY) Shares Gap Down – Time to Sell?
by Jessica Moore · The Cerbat GemAdecco SA (OTCMKTS:AHEXY – Get Free Report)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $12.50, but opened at $11.97. Adecco shares last traded at $12.05, with a volume of 6,673 shares changing hands.
Analysts Set New Price Targets
AHEXY has been the topic of a number of research analyst reports. Jefferies Financial Group lowered shares of Adecco from a “hold” rating to a “moderate sell” rating in a report on Thursday, January 8th. Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, UBS Group upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.
Get Our Latest Research Report on AHEXY
Adecco Trading Down 3.4%
The business’s 50-day moving average price is $12.70 and its 200 day moving average price is $13.82. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $4.06 billion, a P/E ratio of 12.11, a P/E/G ratio of 0.97 and a beta of 1.07.
Adecco (OTCMKTS:AHEXY – Get Free Report) last posted its earnings results on Wednesday, February 25th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.09. Adecco had a net margin of 1.28% and a return on equity of 12.02%. The company had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.95 billion. As a group, analysts expect that Adecco SA will post 1.55 earnings per share for the current year.
Adecco Company Profile
Adecco Group AG is a global human resources and workforce solutions provider headquartered in Zurich, Switzerland. The company specializes in temporary staffing, permanent placement, career transition, and talent development services. Its core business activities include matching job seekers with client companies, managing contingent workforce solutions, and offering consulting services related to workforce management and organizational effectiveness.
Founded in 1996 through the merger of the Swiss companies Adia Interim and ECCO, Adecco has grown into one of the world’s largest staffing firms.