Kelly Services, Inc. (NASDAQ:KELYB – Get Free Report) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,375 shares, a drop of 53.3% from the May 31st total of 2,947 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 2,265 shares, the days-to-cover ratio is currently 0.6 days.
Kelly Services Stock Up 12.3%
Shares of NASDAQ KELYB traded up $2.39 during midday trading on Tuesday, reaching $21.89. 2,397 shares of the company’s stock were exchanged, compared to its average volume of 35,738. Kelly Services has a 52-week low of $8.38 and a 52-week high of $125.00. The stock has a market capitalization of $758.90 million, a PE ratio of -2.88 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.59 and a current ratio of 1.59. The business’s fifty day moving average price is $17.71 and its two-hundred day moving average price is $14.79.
Kelly Services (NASDAQ:KELYB – Get 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 business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion.
Kelly Services Announces Dividend
Analyst Ratings Changes
Separately, Weiss Ratings lowered 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, Kelly Services presently has a consensus rating of “Sell”.
Read Our Latest Research Report on KELYB
Kelly Services Company Profile
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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