Kelly Services (NASDAQ:KELYB) Shares Gap Up – Still a Buy?

Kelly Services, Inc. (NASDAQ:KELYB) shares gapped up prior to trading on Wednesday . The stock had previously closed at $23.27, but opened at $24.10. Kelly Services shares last traded at $23.7710, with a volume of 334 shares trading hands.

Wall Street Analysts Forecast Growth

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

Kelly Services Stock Down 1.6%

The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.08. The firm has a market cap of $823.80 million, a price-to-earnings ratio of -3.04 and a beta of 0.85. The firm’s 50 day simple moving average is $22.68 and its two-hundred day simple moving average is $18.45.

Kelly Services (NASDAQ:KELYB) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion.

Kelly Services Dividend Announcement

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