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

Kelly Services, Inc. (NASDAQ:KELYB)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $17.46, but opened at $16.82. Kelly Services shares last traded at $16.7740, with a volume of 622 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Kelly Services Price Performance

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 firm has a market cap of $579.34 million, a price-to-earnings ratio of -2.20 and a beta of 0.71. The stock’s 50 day simple moving average is $15.06 and its 200-day simple moving average is $12.91.

Kelly Services (NASDAQ:KELYB) last released its quarterly earnings data 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 analyst estimates 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, May 18th. Kelly Services’s dividend payout ratio (DPR) is presently -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.