Kelly Services (NASDAQ:KELYB) Shares Gap Down – Time to Sell?

Kelly Services, Inc. (NASDAQ:KELYBGet Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $24.34, but opened at $23.11. Kelly Services shares last traded at $23.6560, with a volume of 367 shares.

Analysts Set New Price Targets

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

View Our Latest Report on KELYB

Kelly Services Stock Down 2.8%

The company has a market cap of $820.13 million, a P/E ratio of -3.11 and a beta of 0.81. 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 company’s 50-day moving average is $19.86 and its two-hundred day moving average is $16.37.

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

Kelly Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were given a $0.075 dividend. 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 1.3%. Kelly Services’s payout ratio is -3.95%.

About Kelly Services

(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.

Further Reading

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