Kelly Services (NASDAQ:KELYB) Shares Gap Up – Time to Buy?

Kelly Services, Inc. (NASDAQ:KELYB) gapped up prior to trading on Wednesday . The stock had previously closed at $19.50, but opened at $20.51. Kelly Services shares last traded at $21.1550, with a volume of 893 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Kelly Services Stock Performance

The company has a market cap of $747.31 million, a P/E ratio of -2.84 and a beta of 0.81. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average price of $18.08 and a 200-day moving average price of $15.07.

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

Kelly Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, May 18th. Kelly Services’s payout ratio is -3.95%.

Kelly Services Company Profile

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.