Adecco (OTCMKTS:AHEXY) Shares Gap Down – Here’s What Happened

Shares of Adecco SA (OTCMKTS:AHEXYGet Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $11.85, but opened at $10.01. Adecco shares last traded at $9.97, with a volume of 1,212 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. UBS Group upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Citigroup downgraded shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Read Our Latest Stock Report on Adecco

Adecco Stock Down 1.2%

The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 0.77 and a beta of 0.99. The firm’s fifty day moving average is $11.88 and its 200-day moving average is $13.44. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.05 and a quick ratio of 1.05.

Adecco (OTCMKTS:AHEXYGet Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. The firm had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.55 billion. Adecco had a net margin of 1.31% and a return on equity of 12.36%. On average, sell-side analysts predict that Adecco SA will post 1.55 earnings per share for the current year.

Adecco Company Profile

(Get Free Report)

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.

Further Reading

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