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

Kelly Services, Inc. (NASDAQ:KELYB)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $19.01, but opened at $19.91. Kelly Services shares last traded at $20.25, with a volume of 208 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Kelly Services Stock Up 4.8%

The business has a 50-day simple moving average of $16.37 and a two-hundred day simple moving average of $13.64. The company has a market cap of $690.80 million, a price-to-earnings ratio of -2.62 and a beta of 0.81. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13.

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

Kelly Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, May 18th. Kelly Services’s payout ratio is currently -3.95%.

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.