Kelly Services (NASDAQ:KELYB) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Kelly Services, Inc. (NASDAQ:KELYB) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.46 and traded as high as $24.75. Kelly Services shares last traded at $23.17, with a volume of 1,094 shares.

Analyst Ratings Changes

Separately, Weiss Ratings lowered 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, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Kelly Services Stock Down 4.0%

The firm has a 50-day moving average of $21.15 and a two-hundred day moving average of $17.49. The stock has a market capitalization of $769.50 million, a price-to-earnings ratio of -2.84 and a beta of 0.82. The company has a quick ratio of 1.59, a current ratio of 1.50 and a debt-to-equity ratio of 0.08.

Kelly Services (NASDAQ:KELYB) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.19. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%.The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion.

Kelly Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, August 19th. Kelly Services’s dividend payout ratio (DPR) is currently -3.95%.

Kelly Services Company Profile

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.