Kelly Services (NASDAQ:KELYB) Shares Gap Down – Should You Sell?

Kelly Services, Inc. (NASDAQ:KELYB)’s share price gapped down before the market opened on Monday . The stock had previously closed at $22.88, but opened at $21.80. Kelly Services shares last traded at $22.8770, with a volume of 341 shares traded.

Wall Street Analysts Forecast Growth

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

Kelly Services Stock Down 8.3%

The firm’s fifty day moving average price is $19.12 and its two-hundred day moving average price is $15.85. The stock has a market cap of $757.89 million, a price-to-earnings ratio of -2.88 and a beta of 0.81. 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 (EPS) 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 positive return on equity of 3.07% and a negative net margin of 6.44%.

Kelly Services Dividend Announcement

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