Adecco (OTCMKTS:AHEXY) Sees Unusually-High Trading Volume – Here’s What Happened

Adecco SA (OTCMKTS:AHEXY) shares saw strong trading volume on Monday . 29,377 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 25,220 shares.The stock last traded at $10.02 and had previously closed at $9.42.

Analyst Ratings Changes

AHEXY has been the subject of a number of analyst reports. UBS Group lowered shares of Adecco to a “sell” rating in a report on Monday. Citigroup cut shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Adecco has an average rating of “Hold”.

Adecco Trading Up 3.2%

The firm’s 50 day moving average is $11.80 and its two-hundred day moving average is $13.41. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.75. The company has a market cap of $3.38 billion, a P/E ratio of 9.26, a PEG ratio of 0.81 and a beta of 0.99.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.55 billion. Adecco had a net margin of 1.31% and a return on equity of 12.36%. As a group, equities research analysts anticipate that Adecco SA will post 1.41 EPS for the current year.

About Adecco

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.