Adecco (OTCMKTS:AHEXY) Shares Gap Down – What’s Next?

Adecco SA (OTCMKTS:AHEXY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $12.97, but opened at $12.42. Adecco shares last traded at $12.42, with a volume of 173 shares.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. BNP Paribas Exane downgraded shares of Adecco from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Jefferies Financial Group lowered shares of Adecco from a “hold” rating to a “moderate sell” rating in a research report on Thursday, January 8th. Finally, UBS Group raised shares of Adecco from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Adecco presently has a consensus rating of “Moderate Buy”.

Adecco Price Performance

The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.78. The stock has a market cap of $4.12 billion, a PE ratio of 12.31, a P/E/G ratio of 0.99 and a beta of 1.04. The company’s 50 day moving average is $14.08 and its 200-day moving average is $14.27.

Adecco (OTCMKTS:AHEXY) last posted its quarterly earnings data on Wednesday, February 25th. The business services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. Adecco had a net margin of 1.28% and a return on equity of 12.09%. The company had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.95 billion. As a group, sell-side analysts predict that Adecco SA will post 1.32 earnings per share for the current year.

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.