Kelly Services (NASDAQ:KELYB) Shares Gap Up – Here’s Why

Kelly Services, Inc. (NASDAQ:KELYBGet Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $15.89, but opened at $16.61. Kelly Services shares last traded at $17.8090, with a volume of 936 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Kelly Services has a consensus rating of “Sell”.

Read Our Latest Report on Kelly Services

Kelly Services Price Performance

The company has a 50 day simple moving average of $15.04 and a 200-day simple moving average of $12.88. The stock has a market cap of $575.52 million, a price-to-earnings ratio of -2.18 and a beta of 0.71. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13.

Kelly Services (NASDAQ:KELYBGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. Kelly Services had a positive return on equity of 3.07% and a negative net margin of 6.44%.

Kelly Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be given a dividend of $0.075 per share. The ex-dividend date is Monday, May 18th. This represents a $0.30 dividend on an annualized basis and a yield of 1.8%. Kelly Services’s payout ratio is currently -3.95%.

About Kelly Services

(Get Free Report)

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.

Further Reading

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