Kelly Services (NASDAQ:KELYB) Trading Up 7.4% – What’s Next?

Kelly Services, Inc. (NASDAQ:KELYB)’s stock price shot up 7.4% during trading on Friday . The company traded as high as $20.00 and last traded at $20.0750. 445 shares were traded during mid-day trading, a decline of 99% from the average session volume of 43,491 shares. The stock had previously closed at $18.70.

Analyst Ratings Changes

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

Kelly Services Price Performance

The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.13. The stock has a market cap of $707.23 million, a PE ratio of -2.68 and a beta of 0.71. The company has a fifty day moving average of $15.62 and a 200-day moving average of $13.24.

Kelly Services (NASDAQ:KELYB) last posted its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%.

Kelly Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, May 18th. Kelly Services’s payout ratio is currently -3.95%.

Kelly Services Company Profile

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.