Kelly Services (NASDAQ:KELYB) Shares Gap Down – Here’s Why

Kelly Services, Inc. (NASDAQ:KELYBGet Free Report)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $19.22, but opened at $18.10. Kelly Services shares last traded at $18.79, with a volume of 2,033 shares trading hands.

Wall Street Analyst Weigh In

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

View Our Latest Report on KELYB

Kelly Services Trading Up 6.2%

The company has a market cap of $639.52 million, a P/E ratio of -2.47 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. The business has a 50-day moving average price of $16.85 and a two-hundred day moving average price of $13.92.

Kelly Services (NASDAQ:KELYBGet Free Report) last released its 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). 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 disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were paid a $0.075 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.30 dividend on an annualized basis and a yield of 1.6%. Kelly Services’s dividend payout ratio (DPR) is presently -3.95%.

Kelly Services Company Profile

(Get Free Report)

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.

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