Adecco (OTCMKTS:AHEXY) Shares Gap Down – Here’s Why

Adecco SA (OTCMKTS:AHEXY) gapped down before the market opened on Wednesday . The stock had previously closed at $15.02, but opened at $14.10. Adecco shares last traded at $14.21, with a volume of 1,581 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. BNP Paribas Exane cut shares of Adecco from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Jefferies Financial Group downgraded Adecco from a “hold” rating to a “moderate sell” rating in a research report on Thursday, January 8th. Finally, Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Adecco Stock Down 5.8%

The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average is $14.28 and its two-hundred day moving average is $14.67. The company has a market capitalization of $4.82 billion, a PE ratio of 15.47, a PEG ratio of 1.17 and a beta of 1.04.

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.