Adecco (OTCMKTS:AHEXY) Shares Gap Up – Here’s What Happened

Adecco SA (OTCMKTS:AHEXY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $10.25, but opened at $11.16. Adecco shares last traded at $11.20, with a volume of 5,208 shares.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Citigroup downgraded Adecco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 30th. Morgan Stanley cut Adecco from a “cautious” rating to an “underweight” rating in a report on Tuesday, June 9th. Zacks Research downgraded shares of Adecco from a “hold” rating to a “strong sell” rating in a research report on Friday, May 15th. Finally, UBS Group lowered 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 company. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Adecco Stock Performance

The firm has a market cap of $3.90 billion, a P/E ratio of 10.69, a PEG ratio of 0.92 and a beta of 0.98. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average is $10.13 and its two-hundred day moving average is $12.16.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.55 billion. Adecco had a return on equity of 12.09% and a net margin of 1.31%. As a group, equities analysts predict that Adecco SA will post 1.41 EPS for the current fiscal 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.