Adecco (OTCMKTS:AHEXY) Shares Gap Up – Here’s Why

Adecco SA (OTCMKTS:AHEXY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $11.8350, but opened at $12.5052. Adecco shares last traded at $12.55, with a volume of 2,474 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AHEXY. Jefferies Financial Group downgraded shares of Adecco from a “hold” rating to a “moderate sell” rating in a research note on Thursday, January 8th. Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, UBS Group raised shares of Adecco from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Adecco presently has an average rating of “Hold”.

Adecco Price Performance

The company’s 50 day moving average price is $12.84 and its 200-day moving average price is $13.86. The stock has a market cap of $4.13 billion, a P/E ratio of 12.34, a P/E/G ratio of 0.92 and a beta of 1.07. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.75.

Adecco (OTCMKTS:AHEXY) last released its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.09. The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.95 billion. Adecco had a net margin of 1.28% and a return on equity of 12.02%. As a group, sell-side analysts expect that Adecco SA will post 1.32 earnings per share for the current year.

Adecco Company Profile

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.