Kelly Services (NASDAQ:KELYB) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Kelly Services, Inc. (NASDAQ:KELYB)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.45 and traded as high as $16.34. Kelly Services shares last traded at $16.10, with a volume of 4,755 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kelly Services in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Kelly Services Stock Performance

The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $550.78 million, a price-to-earnings ratio of -2.21 and a beta of 0.64. The business has a 50-day moving average price of $14.97 and a 200-day moving average price of $12.44.

Kelly Services (NASDAQ:KELYB) last announced its earnings results on Thursday, February 12th. The business services provider reported $0.16 earnings per share (EPS) for the quarter. Kelly Services had a positive return on equity of 4.05% and a negative net margin of 5.98%.The company had revenue of $1.05 billion for the quarter.

Kelly Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Wednesday, February 25th. Kelly Services’s payout ratio is presently -4.13%.

Kelly Services Company Profile

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.