Kelly Services (NASDAQ:KELYB) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Kelly Services, Inc. (NASDAQ:KELYB) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.46 and traded as high as $24.75. Kelly Services shares last traded at $23.17, with a volume of 1,094 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Kelly Services Stock Up 3.2%

The company has a market cap of $803.30 million, a P/E ratio of -3.05 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.59 and a quick ratio of 1.59. The business’s 50 day moving average price is $21.13 and its 200-day moving average price is $17.46.

Kelly Services (NASDAQ:KELYB) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.19. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%.

About Kelly Services

Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.