Kelly Services (NASDAQ:KELYB) Hits New 12-Month Low at $20.66

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Kelly Services, Inc. (NASDAQ:KELYB) shares reached a new 52-week low on Wednesday . The company traded as low as $20.66 and last traded at $20.66, with a volume of 105 shares. The stock had previously closed at $21.21.

A number of research firms have weighed in on KELYB. TheStreet downgraded shares of Kelly Services from a “b” rating to a “c+” rating in a research note on Wednesday, November 6th. ValuEngine upgraded shares of Kelly Services from a “sell” rating to a “hold” rating in a research note on Friday, November 1st.

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.52. The stock’s 50 day simple moving average is $23.80 and its two-hundred day simple moving average is $25.52. The stock has a market cap of $861.22 million, a price-to-earnings ratio of 9.33 and a beta of 0.53.

Kelly Services (NASDAQ:KELYB) last posted its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.07). Kelly Services had a return on equity of 7.66% and a net margin of 1.32%. The business had revenue of $1.27 billion for the quarter. During the same quarter in the prior year, the company earned $0.56 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.30 dividend on an annualized basis and a yield of 1.45%.

Kelly Services Company Profile (NASDAQ:KELYB)

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries worldwide. The company operates through three segments: Americas Staffing, Global Talent Solutions, and International Staffing. It provides trained employees for data entry, clerical, and administrative support roles across various industries; schools with instructional and non-instructional employees; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial works; scientists, and scientific and clinical research workforce solutions; engineering professionals across various disciplines, including aeronautical, chemical, civil/structural, electrical/instrumentation, environmental, industrial, mechanical, petroleum, pharmaceutical, quality, and telecommunications.

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