Adecco (OTCMKTS:AHEXY) Shares Gap Down – Here’s Why

Adecco SA (OTCMKTS:AHEXY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $12.50, but opened at $11.97. Adecco shares last traded at $12.05, with a volume of 6,673 shares traded.

Analyst Ratings Changes

A number of research firms have commented on AHEXY. UBS Group raised shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Jefferies Financial Group downgraded Adecco from a “hold” rating to a “moderate sell” rating in a research report on Thursday, January 8th. Finally, Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Adecco presently has an average rating of “Hold”.

Adecco Trading Down 1.6%

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 0.93 and a beta of 1.07. The firm has a fifty day moving average price of $12.58 and a 200-day moving average price of $13.79.

Adecco (OTCMKTS:AHEXY) last released its quarterly earnings data on Wednesday, February 25th. The business services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.09. The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.95 billion. Adecco had a return on equity of 12.02% and a net margin of 1.28%. As a group, equities analysts anticipate that Adecco SA will post 1.55 EPS for the current year.

Adecco Company Profile

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.