Adecco (OTCMKTS:AHEXY) Shares Cross Above 50-Day Moving Average – What’s Next?

Adecco SA (OTCMKTS:AHEXY)’s stock price crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $14.11 and traded as high as $15.67. Adecco shares last traded at $15.49, with a volume of 11,288 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AHEXY shares. BNP Paribas Exane upgraded shares of Adecco from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Jefferies Financial Group raised Adecco from a “moderate sell” rating to a “hold” rating in a research report on Thursday, September 10th. Morgan Stanley reissued an “underweight” rating on shares of Adecco in a research report on Tuesday, September 8th. Kepler Capital Markets lowered Adecco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 14th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Adecco in a report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Adecco Stock Performance

The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $5.38 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.29 and a beta of 0.96. The company’s 50 day moving average is $14.11 and its 200 day moving average is $12.73.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings data on Thursday, November 12th. The business services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. Adecco had a return on equity of 12.67% and a net margin of 1.25%. The business had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.77 billion. As a group, equities analysts predict that Adecco SA will post 1.42 earnings per share for the current fiscal year.

About Adecco

Adecco Group AG is a Switzerland-based workforce solutions company that connects businesses with workers and helps organizations manage their talent needs. Its services include temporary and permanent staffing, recruitment, outsourcing, and workforce consulting. The company also provides services in areas such as technology consulting, career transition, and leadership development through businesses including Akkodis and LHH. Adecco serves clients across a range of industries and operates internationally.