Kelly Services (NASDAQ:KELYA) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Kelly Services, Inc. (NASDAQ:KELYA) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.35 and traded as high as $11.39. Kelly Services shares last traded at $11.19, with a volume of 786,262 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KELYA. Zacks Research upgraded Kelly Services from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Kelly Services in a research note on Thursday, January 22nd. Barrington Research lowered their price target on shares of Kelly Services from $25.00 to $16.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Finally, Wall Street Zen cut shares of Kelly Services from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $16.00.

Kelly Services Stock Up 3.7%

The company has a market capitalization of $395.45 million, a PE ratio of -2.50, a P/E/G ratio of 0.48 and a beta of 0.79. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.59 and a current ratio of 1.59. The company’s 50-day moving average is $9.23 and its 200 day moving average is $11.35.

Kelly Services (NASDAQ:KELYA) last issued its earnings results on Thursday, November 6th. The business services provider reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.24). The firm had revenue of $935.00 million during the quarter, compared to the consensus estimate of $972.80 million. Kelly Services had a positive return on equity of 5.74% and a negative net margin of 3.58%. As a group, analysts anticipate that Kelly Services, Inc. will post 2.45 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Quarry LP boosted its position in shares of Kelly Services by 173.2% during the third quarter. Quarry LP now owns 1,970 shares of the business services provider’s stock valued at $26,000 after buying an additional 1,249 shares during the last quarter. Versant Capital Management Inc lifted its stake in Kelly Services by 52.0% during the 3rd quarter. Versant Capital Management Inc now owns 3,006 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 1,028 shares during the period. GAMMA Investing LLC lifted its stake in Kelly Services by 175.4% during the 3rd quarter. GAMMA Investing LLC now owns 3,385 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 2,156 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Kelly Services by 83.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 1,967 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Kelly Services by 46.8% in the third quarter. PNC Financial Services Group Inc. now owns 4,944 shares of the business services provider’s stock worth $65,000 after acquiring an additional 1,577 shares during the period. Hedge funds and other institutional investors own 76.34% of the company’s stock.

Kelly Services Company Profile

Kelly Services, Inc is a global workforce solutions provider specializing in talent acquisition and staffing services across a wide range of industries. The company offers temporary staffing, permanent placement, outsourcing solutions, and consulting services to help organizations address their workforce needs. Its service offerings are designed to support clients in areas such as administrative support, information technology, engineering, science, education, healthcare, and industrial sectors.

Founded in 1946 by William Russell Kelly, Kelly Services has grown from a small local staffing firm into an international organization.