Adecco (OTCMKTS:AHEXY) Shares Gap Down – What’s Next?

Adecco SA (OTCMKTS:AHEXY) gapped down before the market opened on Wednesday . The stock had previously closed at $11.18, but opened at $10.76. Adecco shares last traded at $10.88, with a volume of 211 shares changing hands.

Wall Street Analysts Forecast Growth

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

Adecco Trading Up 8.4%

The stock’s fifty day moving average price is $10.11 and its 200 day moving average price is $12.08. 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 stock has a market capitalization of $4.13 billion, a P/E ratio of 11.33, a PEG ratio of 0.98 and a beta of 0.98.

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