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

Adecco SA (OTCMKTS:AHEXY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $14.71, but opened at $14.22. Adecco shares last traded at $14.22, with a volume of 352 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AHEXY. Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Citigroup downgraded shares of Adecco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 30th. UBS Group lowered shares of Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. BNP Paribas Exane raised shares of Adecco from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Adecco in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Adecco currently has a consensus rating of “Hold”.

Adecco Price Performance

The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 1.19 and a beta of 0.94. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.73. The company has a 50 day simple moving average of $11.55 and a 200 day simple moving average of $12.00.

Adecco (OTCMKTS:AHEXY) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Adecco had a return on equity of 12.78% and a net margin of 1.25%.The company had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $6.83 billion. As a group, research analysts predict that Adecco SA will post 1.42 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.