Kelly Services (NASDAQ:KELYB) Shares Gap Up – Still a Buy?

Kelly Services, Inc. (NASDAQ:KELYB)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $18.70, but opened at $19.65. Kelly Services shares last traded at $19.5430, with a volume of 3,024 shares changing hands.

Analyst Ratings Changes

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

Kelly Services Trading Down 0.4%

The business’s fifty day moving average is $15.76 and its 200-day moving average is $13.30. The stock has a market capitalization of $723.91 million, a PE ratio of -2.75 and a beta of 0.71. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13.

Kelly Services (NASDAQ:KELYB) last released its earnings results on Thursday, May 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion.

Kelly Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, May 18th. Kelly Services’s payout ratio is currently -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.