Kelly Services (NASDAQ:KELYB) Shares Up 10.7% – Time to Buy?

Shares of Kelly Services, Inc. (NASDAQ:KELYB) were up 10.7% on Friday . The company traded as high as $18.00 and last traded at $19.9190. Approximately 204 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 36,375 shares. The stock had previously closed at $18.00.

Wall Street Analyst Weigh In

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

Kelly Services Trading Up 4.0%

The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.13. The stock has a 50-day simple moving average of $17.58 and a two-hundred day simple moving average of $14.65. The firm has a market capitalization of $649.02 million, a P/E ratio of -2.46 and a beta of 0.81.

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

Kelly Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, May 18th. Kelly Services’s dividend payout ratio is presently -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.