Kelly Services (NASDAQ:KELYB) Shares Gap Down – Should You Sell?

Kelly Services, Inc. (NASDAQ:KELYB)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $19.22, but opened at $18.10. Kelly Services shares last traded at $18.79, with a volume of 2,033 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Kelly Services Trading Down 0.2%

The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.13. The business has a 50 day simple moving average of $16.61 and a two-hundred day simple moving average of $13.78. The stock has a market cap of $665.09 million, a price-to-earnings ratio of -2.42 and a beta of 0.81.

Kelly Services (NASDAQ:KELYB) last announced its earnings results on Thursday, May 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%.

Kelly Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were issued a $0.075 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.30 annualized dividend and a yield of 1.6%. Kelly Services’s dividend payout ratio is currently -3.95%.

About Kelly Services

Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.