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

Shares of Adecco SA (OTCMKTS:AHEXY) gapped up before the market opened on Monday . The stock had previously closed at $13.88, but opened at $14.76. Adecco shares last traded at $14.76, with a volume of 330 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AHEXY shares. Citigroup downgraded Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. UBS Group cut shares of Adecco from a “hold” rating to a “sell” rating in a report on Monday, May 18th. BNP Paribas Exane raised shares of Adecco from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Finally, Morgan Stanley downgraded shares of Adecco from a “cautious” rating to an “underweight” rating in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Adecco Stock Performance

The firm has a 50-day simple moving average of $11.23 and a two-hundred day simple moving average of $11.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 1.23 and a beta of 0.93.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. Adecco had a return on equity of 12.78% and a net margin of 1.25%.The business had revenue of $6.93 billion during the quarter, compared to analyst estimates of $6.83 billion. As a group, sell-side analysts forecast that Adecco SA will post 1.42 earnings per share for the current fiscal 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.