Adecco (OTCMKTS:AHEXY) Trading Down 9.6% – Here’s What Happened

Adecco SA (OTCMKTS:AHEXY)’s stock price traded down 9.6% during mid-day trading on Friday . The company traded as low as $13.81 and last traded at $13.81. 893 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 38,763 shares. The stock had previously closed at $15.28.

Wall Street Analysts Forecast Growth

AHEXY has been the subject of several research reports. Royal Bank Of Canada restated an “outperform” rating on shares of Adecco in a research report on Tuesday, August 12th. Sanford C. Bernstein raised shares of Adecco from a “hold” rating to an “outperform” rating in a research note on Monday, September 22nd. Cfra Research upgraded Adecco from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, August 6th. Jefferies Financial Group raised Adecco from a “moderate sell” rating to a “hold” rating in a report on Thursday, September 11th. Finally, Zacks Research cut Adecco from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Adecco Price Performance

The business’s 50-day simple moving average is $14.51 and its two-hundred day simple moving average is $14.83. The stock has a market cap of $4.67 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 1.27 and a beta of 1.18. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.78.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. Adecco had a net margin of 1.22% and a return on equity of 10.98%. The business had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Sell-side analysts expect that Adecco SA will post 1.32 EPS for the current year.

About Adecco

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.