Adecco (OTCMKTS:AHEXY) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Adecco SA (OTCMKTS:AHEXY)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.99 and traded as low as $10.20. Adecco shares last traded at $10.20, with a volume of 14,125 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Zacks Research cut shares of Adecco from a “hold” rating to a “strong sell” rating in a report on Friday, May 15th. UBS Group lowered Adecco from a “hold” rating to a “sell” rating in a report on Monday, May 18th. Finally, Citigroup downgraded Adecco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Adecco Stock Performance

The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.90 and a beta of 0.96. The stock’s fifty day moving average is $11.12 and its two-hundred day moving average is $12.94. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 1.05.

Adecco (OTCMKTS:AHEXY) last posted its earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Adecco had a net margin of 1.31% and a return on equity of 12.36%. The firm had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.55 billion. On average, analysts expect that Adecco SA will post 1.41 earnings per share for the current fiscal 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.