Kelly Services (NASDAQ:KELYB) Sees Large Volume Increase – Here’s What Happened

Kelly Services, Inc. (NASDAQ:KELYB) shares saw unusually-high trading volume on Friday . 1,858 shares changed hands during trading, an increase of 189% from the previous session’s volume of 644 shares.The stock last traded at $23.27 and had previously closed at $23.26.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Kelly Services from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Kelly Services Price Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.50 and a current ratio of 1.50. The stock’s 50 day simple moving average is $22.68 and its two-hundred day simple moving average is $18.45. The firm has a market capitalization of $808.17 million, a PE ratio of -2.98 and a beta of 0.85.

Kelly Services (NASDAQ:KELYB) last posted its earnings results on Thursday, August 6th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.19. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%.The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion.

Kelly Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were given a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.30 dividend on an annualized basis and a yield of 1.3%. Kelly Services’s dividend payout ratio (DPR) is currently -3.84%.

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.