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

Kelly Services, Inc. (NASDAQ:KELYB)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $17.84, but opened at $16.89. Kelly Services shares last traded at $17.5040, with a volume of 549 shares trading hands.

Wall Street Analyst Weigh In

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

Kelly Services Stock Performance

The stock has a market capitalization of $606.90 million, a PE ratio of -2.30 and a beta of 0.81. The stock has a fifty day moving average of $17.17 and a 200-day moving average of $14.13. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13.

Kelly Services (NASDAQ:KELYB) last released its earnings results on Thursday, May 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion.

Kelly Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were given a dividend of $0.075 per share. The ex-dividend date was Monday, May 18th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.7%. Kelly Services’s payout ratio is -3.95%.

About Kelly Services

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.