Adecco (OTCMKTS:AHEXY) Shares Gap Up – What’s Next?

Adecco SA (OTCMKTS:AHEXY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $10.25, but opened at $11.16. Adecco shares last traded at $11.20, with a volume of 5,208 shares.

Wall Street Analyst Weigh In

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

Adecco Stock Down 2.2%

The firm’s fifty day simple moving average is $10.11 and its two-hundred day simple moving average is $12.12. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 0.96 and a beta of 0.98.

Adecco (OTCMKTS:AHEXY) last released its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. Adecco had a net margin of 1.31% and a return on equity of 12.09%. The firm had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.55 billion. Sell-side analysts anticipate that Adecco SA will post 1.41 EPS 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.