Adecco (OTCMKTS:AHEXY) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Adecco SA (OTCMKTS:AHEXYGet Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.54 and traded as low as $14.47. Adecco shares last traded at $14.65, with a volume of 7,957 shares trading hands.

Analysts Set New Price Targets

Several research firms have issued reports on AHEXY. Cfra Research upgraded Adecco from a “moderate sell” rating to a “hold” rating in a report on Wednesday, August 6th. Jefferies Financial Group raised shares of Adecco from a “moderate sell” rating to a “hold” rating in a research report on Thursday, September 11th. Sanford C. Bernstein upgraded shares of Adecco from a “hold” rating to an “outperform” rating in a research report on Monday, September 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Adecco in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Adecco presently has an average rating of “Moderate Buy”.

Check Out Our Latest Analysis on AHEXY

Adecco Stock Up 1.2%

The business has a fifty day moving average price of $15.05 and a two-hundred day moving average price of $14.54. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.83. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 1.21 and a beta of 1.18.

Adecco (OTCMKTS:AHEXYGet Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The business services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.02). Adecco had a net margin of 1.26% and a return on equity of 10.94%. The company had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $5.72 billion. On average, equities analysts predict that Adecco SA will post 1.32 earnings per share for the current year.

About Adecco

(Get Free Report)

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.

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