Kelly Services (NASDAQ:KELYB) Shares Gap Down – Time to Sell?

Kelly Services, Inc. (NASDAQ:KELYB)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $20.88, but opened at $19.57. Kelly Services shares last traded at $20.2810, with a volume of 451 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Kelly Services Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.59 and a current ratio of 1.59. The firm’s 50 day simple moving average is $15.76 and its 200 day simple moving average is $13.31. The firm has a market capitalization of $710.67 million, a price-to-earnings ratio of -2.70 and a beta of 0.81.

Kelly Services (NASDAQ:KELYB) last released its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%.

Kelly Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th will be given a dividend of $0.075 per share. The ex-dividend date is Monday, May 18th. This represents a $0.30 dividend on an annualized basis and a yield of 1.5%. Kelly Services’s dividend payout ratio 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.