Adecco (OTCMKTS:AHEXY) Shares Gap Down – Should You Sell?

Adecco SA (OTCMKTS:AHEXY – Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $11.85, but opened at $10.01. Adecco shares last traded at $9.97, with a volume of 1,212 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. UBS Group raised shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Citigroup downgraded shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

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Adecco Stock Down 16.7%

The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.75. The company’s fifty day moving average is $12.01 and its 200-day moving average is $13.50. The company has a market cap of $3.26 billion, a PE ratio of 9.74, a PEG ratio of 0.92 and a beta of 0.99.

Adecco (OTCMKTS:AHEXY – Get Free Report) last issued its earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. Adecco had a net margin of 1.28% and a return on equity of 12.02%. On average, analysts predict that Adecco SA will post 1.55 EPS for the current year.

Adecco Company Profile

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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.

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