Kelly Services (NASDAQ:KELYB) Shares Gap Down – Here’s What Happened

Kelly Services, Inc. (NASDAQ:KELYBGet Free Report) gapped down before the market opened on Friday . The stock had previously closed at $22.80, but opened at $20.03. Kelly Services shares last traded at $22.89, with a volume of 2,505 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Kelly Services in a research report on Friday, August 7th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Kelly Services presently has an average rating of “Sell”.

View Our Latest Stock Analysis on Kelly Services

Kelly Services Stock Down 3.3%

The stock has a market cap of $793.60 million, a price-to-earnings ratio of -2.93 and a beta of 0.82. The stock has a 50 day simple moving average of $21.31 and a 200 day simple moving average of $17.80. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.08.

Kelly Services (NASDAQ:KELYBGet Free Report) last issued its earnings results on Thursday, August 6th. The business services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.19. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%.The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion.

Kelly Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.075 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.30 annualized dividend and a yield of 1.3%. Kelly Services’s dividend payout ratio is presently -3.84%.

Kelly Services Company Profile

(Get Free Report)

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.

Further Reading

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