Adecco SA (OTCMKTS:AHEXY) Short Interest Update

Adecco SA (OTCMKTS:AHEXY) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 100 shares, a drop of 98.8% from the June 30th total of 8,561 shares. Based on an average daily trading volume, of 22,987 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AHEXY. Citigroup lowered Adecco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 30th. UBS Group downgraded Adecco from a “hold” rating to a “sell” rating in a report on Monday, May 18th. Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Morgan Stanley cut shares of Adecco from a “cautious” rating to an “underweight” rating in a research note on Tuesday, June 9th. Finally, BNP Paribas Exane upgraded shares of Adecco from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Adecco Stock Performance

OTCMKTS:AHEXY opened at $13.44 on Friday. The stock has a 50 day simple moving average of $10.37 and a 200 day simple moving average of $12.03. The stock has a market cap of $4.67 billion, a P/E ratio of 12.80, a PEG ratio of 1.03 and a beta of 0.98. Adecco has a 1-year low of $8.98 and a 1-year high of $16.83. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.55 billion. Adecco had a return on equity of 12.09% and a net margin of 1.31%. Research analysts anticipate that Adecco will post 1.35 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.