Adecco (OTCMKTS:AHEXY) Sees Unusually-High Trading Volume – Still a Buy?

Adecco SA (OTCMKTS:AHEXY) saw strong trading volume on Monday . 29,377 shares changed hands during trading, an increase of 16% from the previous session’s volume of 25,220 shares.The stock last traded at $10.02 and had previously closed at $9.42.

Analyst Ratings Changes

Several research analysts have recently weighed in on AHEXY shares. UBS Group cut Adecco from a “hold” rating to a “sell” rating in a research note on Monday. Zacks Research lowered Adecco from a “hold” rating to a “strong sell” rating in a research report on Friday, May 15th. Finally, Citigroup cut shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Adecco Stock Performance

The company has a market cap of $3.38 billion, a PE ratio of 9.28, a PEG ratio of 0.83 and a beta of 0.99. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average is $11.65 and its two-hundred day moving average is $13.35.

Adecco (OTCMKTS:AHEXY) last posted its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.55 billion. Adecco had a return on equity of 12.36% and a net margin of 1.31%. On average, equities research analysts anticipate that Adecco SA will post 1.41 EPS 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.