Adecco (OTCMKTS:AHEXY) Shares Cross Above 50-Day Moving Average – What’s Next?

Adecco SA (OTCMKTS:AHEXY)’s share price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $14.11 and traded as high as $15.67. Adecco shares last traded at $15.49, with a volume of 11,288 shares.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AHEXY. Morgan Stanley reiterated an “underweight” rating on shares of Adecco in a report on Tuesday, September 8th. BNP Paribas Exane raised Adecco from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Jefferies Financial Group upgraded shares of Adecco from a “moderate sell” rating to a “hold” rating in a research note on Thursday, September 10th. Deutsche Bank reiterated a “buy” rating on shares of Adecco in a report on Wednesday, September 9th. Finally, Kepler Capital Markets downgraded shares of Adecco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Adecco Price Performance

The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.86. The business’s 50-day moving average is $14.11 and its two-hundred day moving average is $12.73. The company has a market capitalization of $5.38 billion, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 1.29 and a beta of 0.96.

Adecco (OTCMKTS:AHEXY) last released its quarterly earnings results on Thursday, November 12th. The business services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.07. Adecco had a net margin of 1.25% and a return on equity of 12.67%. The business had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.77 billion. As a group, analysts predict that Adecco SA will post 1.42 earnings per share for the current year.

Adecco Company Profile

Adecco Group AG is a Switzerland-based workforce solutions company that connects businesses with workers and helps organizations manage their talent needs. Its services include temporary and permanent staffing, recruitment, outsourcing, and workforce consulting. The company also provides services in areas such as technology consulting, career transition, and leadership development through businesses including Akkodis and LHH. Adecco serves clients across a range of industries and operates internationally.