Adecco (OTCMKTS:AHEXY) Trading 9.2% Higher – Here’s Why

Adecco SA (OTCMKTS:AHEXY)’s stock price was up 9.2% during trading on Thursday . The stock traded as high as $13.51 and last traded at $13.51. 425 shares changed hands during trading, a decline of 98% from the average session volume of 23,683 shares. The stock had previously closed at $12.3740.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. BNP Paribas Exane raised Adecco from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Morgan Stanley cut Adecco from a “cautious” rating to an “underweight” rating in a report on Tuesday, June 9th. Citigroup downgraded shares of Adecco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 30th. UBS Group downgraded Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Finally, Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Adecco Trading Down 0.0%

The company has a market capitalization of $4.67 billion, a PE ratio of 12.81, a PEG ratio of 0.95 and a beta of 0.98. The company has a fifty day simple moving average of $10.22 and a 200-day simple moving average of $12.03. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73.

Adecco (OTCMKTS:AHEXY) last issued its earnings results on Wednesday, May 13th. The business services provider reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.55 billion. Adecco had a net margin of 1.31% and a return on equity of 12.09%. Analysts predict that Adecco SA will post 1.35 EPS for the current year.

About Adecco

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.