Adecco (OTCMKTS:AHEXY) Shares Gap Down – What’s Next?

Adecco SA (OTCMKTS:AHEXY) shares gapped down before the market opened on Monday . The stock had previously closed at $12.97, but opened at $12.42. Adecco shares last traded at $12.42, with a volume of 173 shares changing hands.

Analyst Upgrades and Downgrades

AHEXY has been the subject of a number of recent research reports. UBS Group raised Adecco from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. BNP Paribas Exane cut Adecco from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Jefferies Financial Group lowered shares of Adecco from a “hold” rating to a “moderate sell” rating in a research report on Thursday, January 8th. Finally, Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Adecco Price Performance

The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.78. The stock has a fifty day simple moving average of $13.97 and a two-hundred day simple moving average of $14.22. The company has a market cap of $4.05 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.95 and a beta of 1.04.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings data on Wednesday, February 25th. The business services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.09. Adecco had a return on equity of 12.09% and a net margin of 1.28%.The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.95 billion. On average, equities analysts predict that Adecco SA will post 1.32 EPS for the current fiscal 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.