Kelly Services (NASDAQ:KELYB) Shares Gap Up – Should You Buy?

Kelly Services, Inc. (NASDAQ:KELYB)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $14.88, but opened at $15.46. Kelly Services shares last traded at $14.75, with a volume of 3,470 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Kelly Services in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Kelly Services Trading Up 2.2%

The firm has a market capitalization of $520.02 million, a P/E ratio of -2.09 and a beta of 0.64. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average price is $17.49.

Kelly Services (NASDAQ:KELYB) last announced its quarterly earnings results on Thursday, February 12th. The business services provider reported $0.16 earnings per share for the quarter. Kelly Services had a negative net margin of 5.98% and a positive return on equity of 4.05%. The business had revenue of $1.05 billion for the quarter.

Kelly Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, February 25th. Kelly Services’s payout ratio is presently -4.13%.

About Kelly Services

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.