Adecco (OTCMKTS:AHEXY) Sees Strong Trading Volume – Time to Buy?

Adecco SA (OTCMKTS:AHEXY) shares saw strong trading volume on Wednesday . 18,701 shares traded hands during mid-day trading, a decline of 22% from the previous session’s volume of 23,877 shares.The stock last traded at $12.09 and had previously closed at $11.70.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. UBS Group raised Adecco from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Zacks Research raised Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Jefferies Financial Group lowered Adecco from a “hold” rating to a “moderate sell” rating in a research note on Thursday, January 8th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Adecco has an average rating of “Hold”.

Adecco Price Performance

The stock has a 50 day simple moving average of $12.89 and a two-hundred day simple moving average of $13.88. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 0.91 and a beta of 1.07. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.05 and a quick ratio of 1.05.

Adecco (OTCMKTS:AHEXY) last released its quarterly earnings data 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. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.95 billion. Adecco had a return on equity of 12.02% and a net margin of 1.28%. On average, equities research analysts predict that Adecco SA will post 1.32 earnings per share 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.