Adecco Group (OTCMKTS:AHEXY) Hits New 1-Year Low – Time to Sell?

Adecco Group AG (OTCMKTS:AHEXY)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $11.88 and last traded at $12.10, with a volume of 95699 shares changing hands. The stock had previously closed at $12.27.

Analysts Set New Price Targets

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

Adecco Group Stock Down 8.0 %

The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 1.38 and a beta of 1.39. The firm’s 50 day simple moving average is $13.09 and its 200-day simple moving average is $15.35.

Adecco Group Company Profile

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.