Kelly Services (NASDAQ:KELYA) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Kelly Services, Inc. (NASDAQ:KELYA)’s stock price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $12.86 and traded as high as $15.90. Kelly Services shares last traded at $15.80, with a volume of 203,587 shares trading hands.

Analyst Ratings Changes

A number of brokerages have commented on KELYA. Weiss Ratings raised shares of Kelly Services from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, August 21st. Wall Street Zen lowered Kelly Services from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. Finally, Barrington Research upped their target price on Kelly Services from $15.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.00.

Kelly Services Stock Performance

The company has a market capitalization of $552.21 million, a price-to-earnings ratio of -2.04, a P/E/G ratio of 1.10 and a beta of 0.88. The company has a 50 day moving average price of $16.20 and a 200 day moving average price of $12.91. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.50 and a current ratio of 1.50.

Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.19. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%.The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the firm posted $0.52 earnings per share. Equities research analysts predict that Kelly Services, Inc. will post 1.1 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.0750 per share. The ex-dividend date was Wednesday, August 19th. This represents a $0.30 annualized dividend and a yield of 1.9%. Kelly Services’s dividend payout ratio is presently -3.84%.

Institutional Investors Weigh In On Kelly Services

Several hedge funds and other institutional investors have recently made changes to their positions in KELYA. Fifth Third Bancorp bought a new position in shares of Kelly Services during the 1st quarter worth $4,371,000. Donald Smith & CO. Inc. purchased a new stake in Kelly Services during the second quarter valued at about $5,704,000. RBF Capital LLC bought a new position in Kelly Services during the fourth quarter worth about $1,161,000. JB Capital Partners LP increased its stake in shares of Kelly Services by 76.3% in the fourth quarter. JB Capital Partners LP now owns 207,160 shares of the business services provider’s stock worth $1,823,000 after purchasing an additional 89,674 shares in the last quarter. Finally, Mangrove Partners IM LLC bought a new stake in shares of Kelly Services in the fourth quarter valued at approximately $619,000. 76.34% of the stock is owned by institutional investors.

Kelly Services Company Profile

Kelly Services, Inc is a workforce solutions and talent management company that connects employers with workers across a range of industries and skill levels. The company provides temporary, contract-to-hire and direct-hire staffing, as well as recruiting, workforce management and outsourcing services.

Its offerings support organizations in areas including professional and industrial staffing, education, science and clinical services, engineering, and office and administrative functions.