Adecco (OTCMKTS:AHEXY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Adecco SA (OTCMKTS:AHEXY) saw unusually-strong trading volume on Tuesday . Approximately 66,424 shares changed hands during trading, an increase of 199% from the previous session’s volume of 22,241 shares.The stock last traded at $11.70 and had previously closed at $11.85.

Analysts Set New Price Targets

Several analysts have commented on AHEXY shares. Jefferies Financial Group lowered shares of Adecco from a “hold” rating to a “moderate sell” rating in a research report on Thursday, January 8th. UBS Group raised shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Finally, Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Adecco Trading Down 0.8%

The firm has a market capitalization of $3.93 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.92 and a beta of 1.07. The company’s 50-day simple moving average is $13.20 and its 200 day simple moving average is $13.95. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.75.

Adecco (OTCMKTS:AHEXY) last released its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.35 by $0.09. Adecco had a net margin of 1.28% and a return on equity of 12.02%. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.95 billion. As a group, sell-side analysts expect that Adecco SA will post 1.32 EPS for the current year.

Adecco Company Profile

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.