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

Kelly Services, Inc. (NASDAQ:KELYB)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $23.26, but opened at $22.41. Kelly Services shares last traded at $23.29, with a volume of 1,654 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Kelly Services from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, September 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Kelly Services Price Performance

The firm’s 50-day moving average is $22.87 and its two-hundred day moving average is $18.70. The company has a market cap of $780.90 million, a P/E ratio of -2.88 and a beta of 0.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.50 and a quick ratio of 1.50.

Kelly Services (NASDAQ:KELYB) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.19. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion.

Kelly Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, August 19th. Kelly Services’s payout ratio is presently -3.84%.

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.