Kelly Services (NASDAQ:KELYB) Shares Gap Down – Here’s What Happened

Kelly Services, Inc. (NASDAQ:KELYBGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $23.19, but opened at $21.80. Kelly Services shares last traded at $24.8430, with a volume of 765 shares.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Kelly Services from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Kelly Services currently has a consensus rating of “Sell”.

View Our Latest Stock Analysis on Kelly Services

Kelly Services Stock Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a fifty day simple moving average of $21.87 and a two-hundred day simple moving average of $18.25. The firm has a market capitalization of $862.87 million, a P/E ratio of -3.18 and a beta of 0.82.

Kelly Services (NASDAQ:KELYBGet Free Report) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.19. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%.

Kelly Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.30 annualized dividend and a yield of 1.2%. Kelly Services’s dividend payout ratio is currently -3.84%.

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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