Adecco (OTCMKTS:AHEXY) Shares Gap Down – Time to Sell?

Adecco SA (OTCMKTS:AHEXY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $14.85, but opened at $13.61. Adecco shares last traded at $13.61, with a volume of 1,426 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Cfra Research upgraded shares of Adecco from a “moderate sell” rating to a “hold” rating in a report on Wednesday, August 6th. Zacks Research cut Adecco from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Jefferies Financial Group raised Adecco from a “moderate sell” rating to a “hold” rating in a research report on Thursday, September 11th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Adecco in a report on Tuesday, August 12th. Finally, Sanford C. Bernstein upgraded shares of Adecco from a “hold” rating to an “outperform” rating in a research note on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued 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 “Moderate Buy”.

Adecco Trading Down 11.0%

The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $4.58 billion, a PE ratio of 14.63, a P/E/G ratio of 1.27 and a beta of 1.18. The stock has a 50 day moving average price of $14.51 and a 200-day moving average price of $14.83.

Adecco (OTCMKTS:AHEXY) last posted its earnings results on Thursday, November 6th. The business services provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.68 billion. Adecco had a return on equity of 10.98% and a net margin of 1.22%. Sell-side analysts expect that Adecco SA will post 1.32 earnings per share for the current year.

Adecco Company Profile

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.