Kelly Services (NASDAQ:KELYB) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Kelly Services, Inc. (NASDAQ:KELYB) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.46 and traded as high as $24.75. Kelly Services shares last traded at $23.17, with a volume of 1,094 shares trading hands.

Wall Street Analyst Weigh In

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

Kelly Services Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.59 and a current ratio of 1.59. The company has a 50-day moving average price of $21.13 and a 200-day moving average price of $17.46. The firm has a market capitalization of $803.30 million, a P/E ratio of -3.05 and a beta of 0.82.

Kelly Services (NASDAQ:KELYB) last released 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 3.07% and a negative net margin of 6.44%.The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion.

About Kelly Services

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.