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

Shares of Adecco SA (OTCMKTS:AHEXY) gapped down prior to trading on Monday. The stock had previously closed at $13.94, but opened at $13.28. Adecco shares last traded at $13.31, with a volume of 577 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently commented on AHEXY. Jefferies Financial Group raised shares of Adecco from a “moderate sell” rating to a “hold” rating in a research report on Thursday, September 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adecco in a report on Wednesday, September 9th. Morgan Stanley reaffirmed an “underweight” rating on shares of Adecco in a report on Tuesday, September 8th. BNP Paribas Exane upgraded shares of Adecco from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Finally, Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Adecco has an average rating of “Hold”.

Adecco Price Performance

The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.86. The company has a 50 day moving average price of $14.52 and a 200 day moving average price of $12.31. The company has a market capitalization of $4.55 billion, a P/E ratio of 12.97, a P/E/G ratio of 1.25 and a beta of 0.94.

Adecco (OTCMKTS:AHEXY) last posted its 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 12.67% and a net margin of 1.25%. The business had revenue of $6.93 billion for the quarter, compared to analyst estimates of $6.83 billion. On average, equities analysts predict that Adecco SA will post 1.45 EPS for the current fiscal year.

About Adecco

Adecco is a global workforce solutions and talent advisory company headquartered in Zurich, Switzerland. It helps organizations recruit, place and manage employees across a range of industries, while also supporting job seekers with career opportunities, skills development and workforce guidance.

The company’s services include temporary and permanent staffing, recruitment, career transition and outplacement, talent development, outsourcing and workforce consulting. Adecco operates through brands and business lines that include Adecco for staffing and recruitment, Akkodis for technology and engineering consulting, and LHH for professional recruitment, leadership development and career transition services.

Adecco traces its history to the 1996 merger of the Swiss staffing company Adia and France’s Ecco.