Adecco (OTCMKTS:AHEXY) Shares Gap Down – Should You Sell?

Adecco SA (OTCMKTS:AHEXY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $15.02, but opened at $14.10. Adecco shares last traded at $14.21, with a volume of 1,581 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. BNP Paribas Exane lowered Adecco from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Jefferies Financial Group downgraded Adecco from a “hold” rating to a “moderate sell” rating in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Adecco currently has an average rating of “Moderate Buy”.

Adecco Trading Up 0.7%

The company has a debt-to-equity ratio of 0.78, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a 50-day moving average price of $14.30 and a two-hundred day moving average price of $14.64. The stock has a market cap of $4.64 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 1.07 and a beta of 1.04.

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.