Kelly Services (NASDAQ:KELYB) Shares Gap Down – Here’s What Happened

Kelly Services, Inc. (NASDAQ:KELYB) gapped down prior to trading on Friday . The stock had previously closed at $23.26, but opened at $22.41. Kelly Services shares last traded at $23.29, with a volume of 1,654 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Kelly Services from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Kelly Services Stock Down 3.3%

The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $780.90 million, a P/E ratio of -2.88 and a beta of 0.85. The company’s fifty day simple moving average is $22.89 and its 200 day simple moving average is $18.73.

Kelly Services (NASDAQ:KELYB) last announced its earnings results on Thursday, August 6th. The business services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.19. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion.

Kelly Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.075 per share. The ex-dividend date was Wednesday, August 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.3%. Kelly Services’s dividend payout ratio is -3.84%.

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.