Kelly Services (NASDAQ:KELYB) Shares Down 9.1% – Here’s What Happened

Kelly Services, Inc. (NASDAQ:KELYB) fell 9.1% on Friday . The company traded as low as $23.46 and last traded at $21.02. Approximately 262 shares changed hands during trading, a decline of 99% from the average daily volume of 30,345 shares. The stock had previously closed at $23.13.

Analyst Ratings Changes

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

Kelly Services Stock Performance

The firm has a market capitalization of $728.76 million, a P/E ratio of -2.77 and a beta of 0.82. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.13. The business’s 50 day simple moving average is $21.13 and its two-hundred day simple moving average is $17.46.

Kelly Services (NASDAQ:KELYB) last posted its earnings results on Thursday, August 6th. The business services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.19. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Kelly Services had a positive return on equity of 3.07% and a negative net margin of 6.44%.

Kelly Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a $0.075 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.4%. Kelly Services’s payout ratio is presently -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.