Adecco (OTCMKTS:AHEXY) Shares Gap Down – Time to Sell?

Adecco SA (OTCMKTS:AHEXY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $14.71, but opened at $14.22. Adecco shares last traded at $14.22, with a volume of 352 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AHEXY shares. Morgan Stanley reissued an “underweight” rating on shares of Adecco in a report on Monday. BNP Paribas Exane upgraded shares of Adecco from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. UBS Group lowered shares of Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Citigroup lowered shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Adecco Trading Down 3.3%

The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50 day simple moving average of $11.39 and a two-hundred day simple moving average of $12.00. The firm has a market cap of $4.94 billion, a PE ratio of 14.08, a P/E/G ratio of 1.24 and a beta of 0.94.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. Adecco had a return on equity of 12.78% and a net margin of 1.25%.The firm had revenue of $6.93 billion during the quarter, compared to analysts’ expectations of $6.83 billion. Analysts expect that Adecco SA will post 1.42 EPS for the current fiscal 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.