Kelly Services (NASDAQ:KELYB) Trading Up 7.4% – What’s Next?

Kelly Services, Inc. (NASDAQ:KELYB) was up 7.4% on Friday . The company traded as high as $20.00 and last traded at $20.0750. Approximately 445 shares were traded during trading, a decline of 99% from the average daily volume of 43,491 shares. The stock had previously closed at $18.70.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Kelly Services Price Performance

The stock has a 50 day simple moving average of $15.62 and a two-hundred day simple moving average of $13.24. The company has a market cap of $707.23 million, a price-to-earnings ratio of -2.68 and a beta of 0.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.59 and a quick ratio of 1.59.

Kelly Services (NASDAQ:KELYB) last released 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). Kelly Services had a positive return on equity of 3.07% and a negative net margin of 6.44%.The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion.

Kelly Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th will be given a $0.075 dividend. The ex-dividend date is Monday, May 18th. This represents a $0.30 dividend on an annualized basis and a yield of 1.5%. Kelly Services’s payout ratio is currently -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.