Adecco (OTCMKTS:AHEXY) Shares Gap Down – What’s Next?

Adecco SA (OTCMKTS:AHEXY) gapped down before the market opened on Wednesday . The stock had previously closed at $11.18, but opened at $10.76. Adecco shares last traded at $10.88, with a volume of 211 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Citigroup downgraded Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. UBS Group downgraded shares of Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Morgan Stanley downgraded shares of Adecco from a “cautious” rating to an “underweight” rating in a research note on Tuesday, June 9th. Finally, Zacks Research raised Adecco from a “strong sell” rating to a “hold” rating in a report on Monday. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Adecco has an average rating of “Hold”.

Adecco Stock Performance

The firm has a market cap of $3.79 billion, a P/E ratio of 10.38, a P/E/G ratio of 0.96 and a beta of 0.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.06 and a current ratio of 1.06. The company’s 50 day moving average is $10.11 and its 200 day moving average is $12.12.

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, topping analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.55 billion. Adecco had a net margin of 1.31% and a return on equity of 12.09%. As a group, equities analysts predict that Adecco SA will post 1.41 earnings per share for the current fiscal year.

About Adecco

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.