Adecco (OTCMKTS:AHEXY) Sees Unusually-High Trading Volume – Here’s Why

Adecco SA (OTCMKTS:AHEXY) saw unusually-high trading volume on Friday . Approximately 10,228 shares traded hands during trading, an increase of 83% from the previous session’s volume of 5,585 shares.The stock last traded at $14.56 and had previously closed at $14.47.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AHEXY shares. Sanford C. Bernstein raised shares of Adecco from a “hold” rating to an “outperform” rating in a research report on Monday, September 22nd. BNP Paribas cut Adecco from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. BNP Paribas Exane downgraded Adecco from an “outperform” rating to a “neutral” rating in a research report on Friday, December 5th. Jefferies Financial Group upgraded Adecco from a “moderate sell” rating to a “hold” rating in a report on Thursday, September 11th. Finally, Zacks Research lowered Adecco from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Adecco Stock Performance

The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a fifty day simple moving average of $14.32 and a two-hundred day simple moving average of $14.83. The stock has a market cap of $4.92 billion, a PE ratio of 15.72, a PEG ratio of 1.35 and a beta of 1.04.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Adecco had a return on equity of 10.98% and a net margin of 1.22%.The firm had revenue of $6.63 billion during the quarter, compared to analyst estimates of $6.68 billion. Equities analysts anticipate that Adecco SA will post 1.32 EPS for the current fiscal year.

Adecco Company Profile

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.