Kelly Services (NASDAQ:KELYB) Shares Gap Down – Should You Sell?

Kelly Services, Inc. (NASDAQ:KELYB) gapped down prior to trading on Monday . The stock had previously closed at $15.96, but opened at $15.21. Kelly Services shares last traded at $15.4850, with a volume of 361 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Kelly Services in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Kelly Services Trading Up 4.4%

The stock has a market capitalization of $568.06 million, a PE ratio of -2.18 and a beta of 0.71. 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 has a 50 day moving average price of $14.90 and a 200 day moving average price of $12.69.

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

Kelly Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, May 18th. Kelly Services’s dividend payout ratio (DPR) is presently -3.95%.

Kelly Services Company Profile

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.