Adecco (OTCMKTS:AHEXY) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Adecco SA (OTCMKTS:AHEXY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.02 and traded as high as $14.4440. Adecco shares last traded at $14.4440, with a volume of 6,670 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently commented on AHEXY. Morgan Stanley reissued an “underweight” rating on shares of Adecco in a research note on Monday, August 10th. Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. UBS Group cut shares of Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Finally, BNP Paribas Exane raised shares of Adecco from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Adecco Trading Up 1.5%

The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.22 and a beta of 0.96. The company has a current ratio of 1.15, a quick ratio of 1.06 and a debt-to-equity ratio of 0.86. The company has a fifty day moving average of $13.03 and a two-hundred day moving average of $12.02.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. Adecco had a return on equity of 12.67% and a net margin of 1.25%.The company had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $6.83 billion. On average, research analysts expect that Adecco SA will post 1.41 EPS 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.