Kelly Services (NASDAQ:KELYB) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Kelly Services (NASDAQ KELYB) remained flat at $$28.00 during trading hours on Monday. 100 shares of the company’s stock traded hands, compared to its average volume of 482. Kelly Services has a 12 month low of $20.18 and a 12 month high of $28.00. The stock has a market capitalization of $1,073.02, a price-to-earnings ratio of 14.32 and a beta of 0.93.

Kelly Services (NASDAQ:KELYB) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.27. Kelly Services had a net margin of 1.44% and a return on equity of 7.25%. The firm had revenue of $1.33 billion for the quarter. During the same quarter in the prior year, the firm earned $0.44 earnings per share.

A hedge fund recently bought a new stake in Kelly Services stock. FNY Managed Accounts LLC acquired a new position in shares of Kelly Services, Inc. (NASDAQ:KELYB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,872 shares of the business services provider’s stock, valued at approximately $181,000. Institutional investors own 0.02% of the company’s stock.

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Kelly Services Company Profile

Kelly Services, Inc is a workforce solutions provider, which is engaged in offering a range of specialty services. The Company provides workforce solutions in three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s segments are Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), and Outsourcing and Consulting Group (OCG).

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