Adecco (OTCMKTS:AHEXY) Sees Strong Trading Volume – What’s Next?

Adecco SA (OTCMKTS:AHEXY) saw strong trading volume on Thursday . Approximately 29,000 shares changed hands during mid-day trading, an increase of 11% from the previous session’s volume of 26,045 shares.The stock last traded at $9.83 and had previously closed at $10.10.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AHEXY shares. Zacks Research cut Adecco from a “hold” rating to a “strong sell” rating in a report on Friday, May 15th. Morgan Stanley downgraded Adecco from a “cautious” rating to an “underweight” rating in a research report on Tuesday. Citigroup cut shares of Adecco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 30th. Finally, UBS Group downgraded shares of Adecco from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Adecco Stock Down 0.9%

The company has a market capitalization of $3.38 billion, a P/E ratio of 9.26, a PEG ratio of 0.87 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.06 and a quick ratio of 1.05. The company has a 50 day moving average of $11.03 and a 200-day moving average of $12.82.

Adecco (OTCMKTS:AHEXY) last released its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. The business had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.55 billion. Adecco had a return on equity of 12.09% and a net margin of 1.31%. As a group, equities analysts anticipate that Adecco SA will post 1.41 EPS 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.