Adecco (OTCMKTS:AHEXY) Share Price Passes Below 200 Day Moving Average – Here’s Why

Adecco SA (OTCMKTS:AHEXY)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.41 and traded as low as $9.3050. Adecco shares last traded at $9.34, with a volume of 28,021 shares trading hands.

Analysts Set New Price Targets

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

Adecco Stock Performance

The stock’s fifty day moving average price is $10.36 and its two-hundred day moving average price is $12.38. The company has a market cap of $3.24 billion, a P/E ratio of 8.90, a P/E/G ratio of 0.80 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.06 and a current ratio of 1.06.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. Adecco had a return on equity of 12.09% and a net margin of 1.31%.The company had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.55 billion. As a group, equities 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.