Kelly Services (NASDAQ:KELYB) Stock Price Up 14.6% – Here’s Why

Kelly Services, Inc. (NASDAQ:KELYBGet Free Report)’s share price rose 14.6% during mid-day trading on Friday . The stock traded as high as $17.50 and last traded at $19.9060. Approximately 170 shares were traded during trading, a decline of 100% from the average daily volume of 39,656 shares. The stock had previously closed at $17.37.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Report on KELYB

Kelly Services Price Performance

The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $16.95 and a 200 day moving average price of $13.98. The stock has a market cap of $651.99 million, a PE ratio of -2.47 and a beta of 0.81.

Kelly Services (NASDAQ:KELYBGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion.

Kelly Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.30 dividend on an annualized basis and a yield of 1.6%. Kelly Services’s dividend payout ratio is -3.95%.

Kelly Services Company Profile

(Get Free Report)

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.

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