Adecco (OTCMKTS:AHEXY) Hits New 1-Year Low – What’s Next?

Adecco SA (OTCMKTS:AHEXY) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $9.17 and last traded at $9.17, with a volume of 179 shares changing hands. The stock had previously closed at $9.71.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AHEXY shares. Citigroup cut Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Zacks Research lowered Adecco from a “hold” rating to a “strong sell” rating in a research note on Friday, May 15th. Morgan Stanley downgraded Adecco from a “cautious” rating to an “underweight” rating in a report on Tuesday, June 9th. Finally, UBS Group lowered Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Adecco presently has a consensus rating of “Reduce”.

Adecco Stock Down 4.8%

The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 0.83 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s fifty day moving average is $10.75 and its 200-day moving average is $12.60.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. The business had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.55 billion. Adecco had a net margin of 1.31% and a return on equity of 12.09%. On average, sell-side analysts predict that Adecco SA will post 1.41 earnings per share for the current year.

Adecco Company Profile

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.