Kelly Services (NASDAQ:KELYB) Shares Gap Down – Time to Sell?

Kelly Services, Inc. (NASDAQ:KELYB)’s share price gapped down before the market opened on Monday. The stock had previously closed at $28.50, but opened at $26.44. Kelly Services shares last traded at $26.65, with a volume of 2,278 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Kelly Services from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, October 16th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has an average rating of “Hold”.

Kelly Services Price Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.50 and a current ratio of 1.50. The business has a 50 day simple moving average of $23.32 and a 200-day simple moving average of $19.08. The stock has a market cap of $942.57 million, a P/E ratio of -3.48 and a beta of 0.88.

Kelly Services (NASDAQ:KELYB) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.19. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%.

Kelly Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were issued a $0.0750 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.30 annualized dividend and a dividend yield of 1.1%. Kelly Services’s dividend payout ratio (DPR) is presently -3.84%.

Kelly Services Company Profile

Kelly Services, Inc (NASDAQ: KELYB) is a workforce solutions and staffing company that connects employers with talent across a range of industries and skill levels. Its services include temporary and contract staffing, direct-hire and permanent placement, recruitment process outsourcing, and workforce management solutions.

The company serves organizations through specialized offerings for professional and technical roles, science and engineering, education, office and administrative functions, industrial positions, and other workforce categories.