Kelly Services (NASDAQ:KELYB) Shares Gap Down – Here’s What Happened

Kelly Services, Inc. (NASDAQ:KELYBGet Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $17.46, but opened at $16.82. Kelly Services shares last traded at $16.7740, with a volume of 622 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Kelly Services presently has a consensus rating of “Sell”.

Get Our Latest Report on KELYB

Kelly Services Price Performance

The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average price is $15.17 and its 200-day moving average price is $12.99. The stock has a market cap of $622.67 million, a P/E ratio of -2.36 and a beta of 0.71.

Kelly Services (NASDAQ:KELYBGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion.

Kelly Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.30 annualized dividend and a dividend yield of 1.7%. Kelly Services’s dividend payout ratio (DPR) is presently -3.95%.

About Kelly Services

(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.

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