Kelly Services (NASDAQ:KELYB) Sees Large Volume Increase – What’s Next?

Kelly Services, Inc. (NASDAQ:KELYB) saw unusually-strong trading volume on Friday . 1,858 shares were traded during trading, an increase of 189% from the previous session’s volume of 644 shares.The stock last traded at $23.27 and had previously closed at $23.26.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Kelly Services from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Kelly Services currently has an average rating of “Sell”.

Kelly Services Price Performance

The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $22.68 and a 200-day moving average price of $18.45. The firm has a market cap of $808.17 million, a P/E ratio of -2.98 and a beta of 0.85.

Kelly Services (NASDAQ:KELYB) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion.

Kelly Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.075 per share. The ex-dividend date was Wednesday, August 19th. This represents a $0.30 dividend on an annualized basis and a yield of 1.3%. Kelly Services’s dividend payout ratio is currently -3.84%.

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.