Adecco (OTCMKTS:AHEXY) Stock Crosses Below 200 Day Moving Average – Time to Sell?
by Sarita Garza · The Markets DailyAdecco SA (OTCMKTS:AHEXY – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.97 and traded as low as $11.58. Adecco shares last traded at $11.78, with a volume of 54,113 shares changing hands.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. Zacks Research raised Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. BNP Paribas Exane downgraded Adecco from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Jefferies Financial Group cut shares of Adecco from a “hold” rating to a “moderate sell” rating in a report on Thursday, January 8th. Finally, UBS Group upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on AHEXY
Adecco Price Performance
The company has a market cap of $3.94 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 0.92 and a beta of 1.07. The company’s 50 day moving average price is $13.25 and its 200 day moving average price is $13.96. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.75.
Adecco (OTCMKTS:AHEXY – Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.09. Adecco had a net margin of 1.28% and a return on equity of 12.02%. The firm had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.95 billion. Equities research analysts forecast that Adecco SA will post 1.32 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.