Adecco (OTCMKTS:AHEXY) Stock Price Down 8.9% – Time to Sell?

Adecco SA (OTCMKTS:AHEXY) was down 8.9% on Tuesday. The company traded as low as $13.07 and last traded at $13.07. 410 shares traded hands during trading, a decline of 98% from the average daily volume of 19,735 shares. The stock had previously closed at $14.3450.

Analyst Ratings Changes

Several analysts recently issued reports on AHEXY shares. BNP Paribas Exane upgraded Adecco from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Jefferies Financial Group upgraded Adecco from a “moderate sell” rating to a “hold” rating in a research report on Thursday, September 10th. Zacks Research raised Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Morgan Stanley reissued an “underweight” rating on shares of Adecco in a report on Tuesday, September 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adecco in a research report on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Adecco currently has a consensus rating of “Hold”.

Adecco Stock Performance

The stock has a 50 day simple moving average of $14.48 and a 200 day simple moving average of $12.32. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.86. The stock has a market cap of $4.37 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 1.24 and a beta of 0.94.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The firm had revenue of $6.93 billion during the quarter, compared to analysts’ expectations of $6.83 billion. Adecco had a return on equity of 12.67% and a net margin of 1.25%. On average, equities analysts expect that Adecco SA will post 1.42 earnings per share for the current year.

Adecco Company Profile

Adecco is a global workforce solutions and talent advisory company headquartered in Zurich, Switzerland. It helps organizations recruit, place and manage employees across a range of industries, while also supporting job seekers with career opportunities, skills development and workforce guidance.

The company’s services include temporary and permanent staffing, recruitment, career transition and outplacement, talent development, outsourcing and workforce consulting. Adecco operates through brands and business lines that include Adecco for staffing and recruitment, Akkodis for technology and engineering consulting, and LHH for professional recruitment, leadership development and career transition services.

Adecco traces its history to the 1996 merger of the Swiss staffing company Adia and France’s Ecco.