Adecco (OTCMKTS:AHEXY) Sets New 1-Year Low – Should You Sell?

Adecco SA (OTCMKTS:AHEXY)’s stock price hit a new 52-week low on Monday . The company traded as low as $9.17 and last traded at $9.17, with a volume of 179 shares traded. The stock had previously closed at $9.71.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Zacks Research downgraded shares of Adecco from a “hold” rating to a “strong sell” rating in a research note on Friday, May 15th. Citigroup cut shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Morgan Stanley downgraded shares of Adecco from a “cautious” rating to an “underweight” rating in a report on Tuesday, June 9th. Finally, UBS Group lowered shares of Adecco from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Adecco Price Performance

The business has a fifty day moving average of $10.66 and a 200-day moving average of $12.53. The firm has a market cap of $3.20 billion, a PE ratio of 8.77, a PEG ratio of 0.79 and a beta of 0.96. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73.

Adecco (OTCMKTS:AHEXY) last posted its earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Adecco had a return on equity of 12.09% and a net margin of 1.31%.The business had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.55 billion. As a group, research analysts predict that Adecco SA will post 1.41 earnings per share 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.