Kelly Services (NASDAQ:KELYB) Shares Gap Down – Here’s What Happened

by · The Markets Daily

Kelly Services, Inc. (NASDAQ:KELYB – Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $23.19, but opened at $21.80. Kelly Services shares last traded at $24.8430, with a volume of 765 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Kelly Services from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Kelly Services presently has an average rating of “Sell”.

Check Out Our Latest Analysis on KELYB

Kelly Services Trading Up 7.1%

The business has a fifty day moving average of $21.87 and a 200-day moving average of $18.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $862.87 million, a P/E ratio of -3.18 and a beta of 0.82.

Kelly Services (NASDAQ:KELYB – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.19. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%.

Kelly Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, August 19th. Kelly Services’s dividend payout ratio (DPR) is currently -3.84%.

Kelly Services Company Profile

(Get Free Report)

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.

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