Adecco (OTCMKTS:AHEXY) Hits New 12-Month Low – Here’s Why

Adecco SA (OTCMKTS:AHEXY)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $11.31 and last traded at $11.31, with a volume of 10175 shares trading hands. The stock had previously closed at $11.63.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AHEXY. UBS Group upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Jefferies Financial Group downgraded shares of Adecco from a “hold” rating to a “moderate sell” rating in a research report on Thursday, January 8th. Finally, Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Adecco Stock Down 2.8%

The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 0.88 and a beta of 1.07. The business’s 50-day moving average is $13.00 and its two-hundred day moving average is $13.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 1.05.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. The business had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.95 billion. Adecco had a net margin of 1.28% and a return on equity of 12.02%. On average, equities analysts anticipate that Adecco SA will post 1.32 earnings per share 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.