Adecco (OTCMKTS:AHEXY) Sees Strong Trading Volume – What’s Next?

Adecco SA (OTCMKTS:AHEXY) saw unusually-strong trading volume on Thursday . Approximately 29,000 shares were traded during mid-day trading, an increase of 11% from the previous session’s volume of 26,045 shares.The stock last traded at $9.83 and had previously closed at $10.10.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AHEXY shares. Zacks Research cut shares of Adecco from a “hold” rating to a “strong sell” rating in a research note on Friday, May 15th. Morgan Stanley cut shares of Adecco from a “cautious” rating to an “underweight” rating in a research note on Tuesday. Citigroup cut shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Finally, UBS Group cut shares of Adecco from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Adecco Stock Performance

The company’s 50-day moving average price is $11.03 and its two-hundred day moving average price is $12.82. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.05 and a current ratio of 1.06. The stock has a market cap of $3.38 billion, a PE ratio of 9.26, a PEG ratio of 0.87 and a beta of 0.96.

Adecco (OTCMKTS:AHEXY) last posted its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. Adecco had a net margin of 1.31% and a return on equity of 12.09%. The firm had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.55 billion. On average, equities research analysts forecast that Adecco SA will post 1.41 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.