Kelly Services (NASDAQ:KELYB) Shares Gap Down – What’s Next?

Shares of Kelly Services, Inc. (NASDAQ:KELYB) gapped down prior to trading on Thursday . The stock had previously closed at $23.40, but opened at $19.89. Kelly Services shares last traded at $21.8450, with a volume of 660 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Kelly Services presently has a consensus rating of “Sell”.

Kelly Services Stock Down 6.9%

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 company has a 50 day simple moving average of $17.97 and a two-hundred day simple moving average of $14.98. The company has a market capitalization of $755.63 million, a P/E ratio of -2.87 and a beta of 0.81.

Kelly Services (NASDAQ:KELYB) last issued its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The company had revenue of $1.04 billion during 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, May 18th. Kelly Services’s dividend payout ratio is -3.95%.

About Kelly Services

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.