Adecco (OTCMKTS:AHEXY) Shares Gap Down – What’s Next?

Adecco SA (OTCMKTS:AHEXYGet Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $11.18, but opened at $10.76. Adecco shares last traded at $10.88, with a volume of 211 shares trading hands.

Analyst Upgrades and Downgrades

AHEXY has been the subject of several research reports. Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday. Citigroup cut shares of Adecco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 30th. UBS Group lowered shares of Adecco from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. Finally, Morgan Stanley cut shares of Adecco from a “cautious” rating to an “underweight” rating in a research report on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Adecco has an average rating of “Hold”.

View Our Latest Report on AHEXY

Adecco Trading Down 0.3%

The company has a market cap of $3.79 billion, a P/E ratio of 10.38, a PEG ratio of 0.96 and a beta of 0.98. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average price of $10.11 and a 200-day moving average price of $12.12.

Adecco (OTCMKTS:AHEXYGet Free Report) last issued its earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Adecco had a net margin of 1.31% and a return on equity of 12.09%. The business had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.55 billion. Analysts forecast that Adecco SA will post 1.41 earnings per share for the current fiscal year.

Adecco Company Profile

(Get Free Report)

Adecco Group AG is a global human resources and workforce solutions provider headquartered in Zurich, Switzerland. The company specializes in temporary staffing, permanent placement, career transition, and talent development services. Its core business activities include matching job seekers with client companies, managing contingent workforce solutions, and offering consulting services related to workforce management and organizational effectiveness.

Founded in 1996 through the merger of the Swiss companies Adia Interim and ECCO, Adecco has grown into one of the world’s largest staffing firms.

Further Reading

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