Kelly Services (NASDAQ:KELYB) Shares Gap Down – Should You Sell?

Shares of Kelly Services, Inc. (NASDAQ:KELYB) gapped down before the market opened on Tuesday . The stock had previously closed at $19.22, but opened at $18.10. Kelly Services shares last traded at $18.79, with a volume of 2,033 shares changing hands.

Wall Street Analyst Weigh In

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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Kelly Services Stock Performance

The stock has a 50 day simple moving average of $16.61 and a 200 day simple moving average of $13.78. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13. The company has a market cap of $665.09 million, a price-to-earnings ratio of -2.42 and a beta of 0.81.

Kelly Services (NASDAQ:KELYB) last posted 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). The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%.

Kelly Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were paid a dividend of $0.075 per share. The ex-dividend date was Monday, May 18th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.6%. Kelly Services’s dividend payout ratio (DPR) is currently -3.95%.

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.