Kelly Services (NASDAQ:KELYB) Shares Gap Down – Should You Sell?

Shares of Kelly Services, Inc. (NASDAQ:KELYBGet Free Report) gapped down before the market opened on Friday . The stock had previously closed at $23.26, but opened at $22.41. Kelly Services shares last traded at $23.29, with a volume of 1,654 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Kelly Services from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, September 4th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Kelly Services presently has an average rating of “Sell”.

Get Our Latest Analysis on Kelly Services

Kelly Services Trading Down 3.3%

The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $780.90 million, a PE ratio of -2.88 and a beta of 0.85. The stock has a fifty day moving average of $22.87 and a 200 day moving average of $18.70.

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

Kelly Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, August 19th. Kelly Services’s dividend payout ratio (DPR) is presently -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.

Further Reading

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