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

Shares of Adecco SA (OTCMKTS:AHEXY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.97 and traded as low as $11.58. Adecco shares last traded at $11.78, with a volume of 54,113 shares trading hands.

Wall Street Analysts Forecast Growth

AHEXY has been the subject of a number of recent analyst reports. Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. BNP Paribas Exane lowered shares of Adecco from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Jefferies Financial Group cut shares of Adecco from a “hold” rating to a “moderate sell” rating in a report on Thursday, January 8th. Finally, UBS Group upgraded Adecco from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Adecco currently has a consensus rating of “Hold”.

Adecco Stock Performance

The firm’s fifty day moving average is $13.30 and its 200 day moving average is $13.97. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 0.93 and a beta of 1.07.

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