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

Adecco SA (OTCMKTS:AHEXY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $15.02, but opened at $14.10. Adecco shares last traded at $14.21, with a volume of 1,581 shares traded.

Analyst Ratings Changes

A number of brokerages have weighed in on AHEXY. BNP Paribas Exane cut shares of Adecco from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Jefferies Financial Group downgraded Adecco from a “hold” rating to a “moderate sell” rating in a research note on Thursday, January 8th. Finally, Zacks Research raised Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Adecco Price Performance

The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.78. The firm’s fifty day moving average price is $14.28 and its two-hundred day moving average price is $14.67. The stock has a market capitalization of $4.82 billion, a PE ratio of 15.47, a PEG ratio of 1.17 and a beta of 1.04.

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.