Adecco (OTCMKTS:AHEXY) Shares Gap Up – Here’s Why

Adecco SA (OTCMKTS:AHEXY) shares gapped up prior to trading on Monday . The stock had previously closed at $13.88, but opened at $14.76. Adecco shares last traded at $14.76, with a volume of 330 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Citigroup cut Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. BNP Paribas Exane raised Adecco from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. UBS Group cut shares of Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Morgan Stanley lowered shares of Adecco from a “cautious” rating to an “underweight” rating in a research report on Tuesday, June 9th. Finally, Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Adecco Stock Performance

The firm has a market capitalization of $5.12 billion, a PE ratio of 14.60, a P/E/G ratio of 1.23 and a beta of 0.93. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a fifty day moving average price of $11.23 and a 200 day moving average price of $11.99.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Adecco had a return on equity of 12.78% and a net margin of 1.25%.The firm had revenue of $6.93 billion for the quarter, compared to analysts’ expectations of $6.83 billion. Research analysts anticipate that Adecco SA will post 1.42 earnings per share for the current fiscal year.

About Adecco

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.