Adecco (OTCMKTS:AHEXY) Shares Gap Down – What’s Next?

Adecco SA (OTCMKTS:AHEXY) shares gapped down before the market opened on Monday . The stock had previously closed at $12.97, but opened at $12.42. Adecco shares last traded at $12.42, with a volume of 173 shares.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AHEXY. Jefferies Financial Group lowered Adecco from a “hold” rating to a “moderate sell” rating in a report on Thursday, January 8th. Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. BNP Paribas Exane cut shares of Adecco from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, UBS Group upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Adecco Stock Performance

The stock’s fifty day simple moving average is $14.08 and its two-hundred day simple moving average is $14.27. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 0.99 and a beta of 1.04. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.04 and a current ratio of 1.04.

Adecco (OTCMKTS:AHEXY) last released its quarterly earnings data on Wednesday, February 25th. The business services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.09. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.95 billion. Adecco had a return on equity of 12.09% and a net margin of 1.28%. Equities research analysts anticipate that Adecco SA will post 1.32 EPS for the current year.

Adecco Company Profile

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.