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

Adecco SA (OTCMKTS:AHEXY) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.19 and traded as low as $10.06. Adecco shares last traded at $10.25, with a volume of 6,306 shares trading hands.

Wall Street Analyst Weigh In

AHEXY has been the subject of several research reports. Citigroup cut shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Morgan Stanley cut shares of Adecco from a “cautious” rating to an “underweight” rating in a research report on Tuesday, June 9th. Zacks Research downgraded Adecco from a “hold” rating to a “strong sell” rating in a report on Friday, May 15th. Finally, UBS Group lowered Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Adecco Stock Performance

The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 0.87 and a beta of 0.98. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.73. The company has a 50 day moving average of $10.13 and a 200 day moving average of $12.19.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Adecco had a return on equity of 12.09% and a net margin of 1.31%.The business had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.55 billion. As a group, equities research analysts expect that Adecco SA will post 1.41 EPS for the current fiscal year.

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.