Adecco (OTCMKTS:AHEXY) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Adecco SA (OTCMKTS:AHEXY)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.80 and traded as low as $14.00. Adecco shares last traded at $14.02, with a volume of 6,802 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Jefferies Financial Group raised Adecco from a “moderate sell” rating to a “hold” rating in a research report on Thursday, September 11th. Sanford C. Bernstein upgraded shares of Adecco from a “hold” rating to an “outperform” rating in a report on Monday, September 22nd. BNP Paribas lowered shares of Adecco from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Zacks Research cut shares of Adecco from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Finally, BNP Paribas Exane lowered shares of Adecco from an “outperform” rating to a “neutral” rating in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Adecco currently has a consensus rating of “Hold”.

Adecco Price Performance

The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.78. The business’s fifty day moving average is $14.38 and its 200 day moving average is $14.80. The company has a market cap of $4.72 billion, a P/E ratio of 15.08, a PEG ratio of 1.34 and a beta of 1.07.

Adecco (OTCMKTS:AHEXY) last released its earnings results on Thursday, November 6th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The business had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $6.68 billion. Adecco had a return on equity of 10.98% and a net margin of 1.22%. As a group, sell-side analysts anticipate that Adecco SA will post 1.32 EPS for the current year.

About Adecco

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.