Adecco Group (OTCMKTS:AHEXY) Shares Cross Below 200 Day Moving Average – Here’s Why

Adecco Group AG (OTCMKTS:AHEXY)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.73 and traded as low as $12.20. Adecco Group shares last traded at $12.40, with a volume of 228,578 shares.

Analyst Ratings Changes

A number of brokerages have weighed in on AHEXY. BNP Paribas raised shares of Adecco Group to a “hold” rating in a research note on Tuesday, November 12th. Royal Bank of Canada upgraded Adecco Group from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. started coverage on Adecco Group in a research note on Thursday, December 5th. They issued an “underweight” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised Adecco Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Adecco Group has a consensus rating of “Moderate Buy”.

Adecco Group Price Performance

The firm has a 50-day moving average of $13.77 and a 200-day moving average of $15.69. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $4.12 billion, a P/E ratio of 12.75, a PEG ratio of 1.38 and a beta of 1.38.

About Adecco Group

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.