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

Shares of Adecco SA (OTCMKTS:AHEXY) gapped down prior to trading on Friday . The stock had previously closed at $14.59, but opened at $14.14. Adecco shares last traded at $14.14, with a volume of 211 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AHEXY. BNP Paribas Exane cut Adecco from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Jefferies Financial Group lowered Adecco from a “hold” rating to a “moderate sell” rating in a research note on Thursday, January 8th. Finally, Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Adecco Trading Down 0.6%

The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a 50-day moving average of $14.27 and a 200-day moving average of $14.80. The firm has a market capitalization of $4.86 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 1.13 and a beta of 1.04.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. The business had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Adecco had a net margin of 1.22% and a return on equity of 10.98%. On average, equities research analysts anticipate that Adecco SA will post 1.32 EPS 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.