Adecco (OTCMKTS:AHEXY) Shares Pass Below 200 Day Moving Average – Should You Sell?

Adecco SA (OTCMKTS:AHEXY)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.68 and traded as low as $12.89. Adecco shares last traded at $12.95, with a volume of 8,772 shares.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Adecco in a research report on Tuesday, August 12th. Cfra Research raised shares of Adecco from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, August 6th. Finally, Jefferies Financial Group upgraded shares of Adecco from a “moderate sell” rating to a “hold” rating in a research note on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Adecco Price Performance

The stock’s 50-day moving average is $15.50 and its 200-day moving average is $14.68. The firm has a market cap of $4.36 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 1.09 and a beta of 1.18. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.83.

Adecco (OTCMKTS:AHEXY) last announced its earnings results on Tuesday, August 5th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). Adecco had a return on equity of 10.94% and a net margin of 1.26%.The company had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $5.72 billion. As a group, equities analysts anticipate that Adecco SA will post 1.32 EPS for the current fiscal year.

About Adecco

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.