Adecco (OTCMKTS:AHEXY) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Adecco SA (OTCMKTS:AHEXY) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.19 and traded as low as $10.06. Adecco shares last traded at $10.25, with a volume of 6,306 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have issued reports on AHEXY. Citigroup cut shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. Zacks Research lowered shares of Adecco from a “hold” rating to a “strong sell” rating in a research report on Friday, May 15th. Morgan Stanley downgraded shares of Adecco from a “cautious” rating to an “underweight” rating in a research note on Tuesday, June 9th. Finally, UBS Group lowered Adecco from a “hold” rating to a “sell” rating in a report on Monday, May 18th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Adecco Price Performance

The company has a debt-to-equity ratio of 0.73, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a fifty day moving average of $10.13 and a two-hundred day moving average of $12.18. The stock has a market capitalization of $3.73 billion, a P/E ratio of 10.22, a P/E/G ratio of 0.88 and a beta of 0.98.

Adecco (OTCMKTS:AHEXY) last issued its earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.55 billion. Adecco had a net margin of 1.31% and a return on equity of 12.09%. On average, analysts predict that Adecco SA will post 1.41 EPS for the current year.

About Adecco

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.