Kelly Services (NASDAQ:KELYB) Shares Down 9.1% – Time to Sell?

Kelly Services, Inc. (NASDAQ:KELYB)’s share price fell 9.1% during mid-day trading on Friday . The company traded as low as $23.46 and last traded at $21.02. 262 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 30,345 shares. The stock had previously closed at $23.13.

Analysts Set New Price Targets

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

Kelly Services Trading Down 4.0%

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.50 and a quick ratio of 1.59. The stock has a market cap of $769.50 million, a P/E ratio of -2.84 and a beta of 0.82. The firm’s fifty day moving average price is $21.15 and its two-hundred day moving average price is $17.49.

Kelly Services (NASDAQ:KELYB) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.19. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%.The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion.

Kelly Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.30 annualized dividend and a dividend yield of 1.4%. Kelly Services’s dividend payout ratio (DPR) is presently -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.