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

Adecco SA (OTCMKTS:AHEXY)’s stock price gapped down prior to trading on Wednesday. The stock had previously closed at $15.00, but opened at $14.07. Adecco shares last traded at $14.05, with a volume of 384 shares.

Wall Street Analyst Weigh In

Several analysts have issued reports on AHEXY shares. Jefferies Financial Group raised Adecco from a “moderate sell” rating to a “hold” rating in a research report on Thursday, September 10th. Morgan Stanley restated an “underweight” rating on shares of Adecco in a research note on Tuesday, September 8th. Zacks Research raised Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adecco in a research note on Wednesday, September 9th. Finally, BNP Paribas Exane upgraded shares of Adecco from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Adecco Price Performance

The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.86. The firm has a market cap of $4.93 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 1.44 and a beta of 0.96. The stock has a 50 day moving average price of $14.52 and a two-hundred day moving average price of $12.17.

Adecco (OTCMKTS:AHEXY) last released its earnings results on Thursday, August 6th. The business services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Adecco had a return on equity of 12.67% and a net margin of 1.25%.The firm had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $6.83 billion. As a group, equities analysts expect that Adecco SA will post 1.45 earnings per share for the current year.

About Adecco

Adecco, part of The Adecco Group, is a global workforce solutions and talent advisory company headquartered in Zurich, Switzerland. The company connects businesses with workers through temporary staffing, permanent placement and recruitment services across a broad range of industries and skill levels.

Its offerings also include workforce outsourcing, career transition and outplacement, professional development, talent consulting and other human resources services. The Adecco Group operates through brands including Adecco, LHH and Akkodis, which provides engineering, information technology and digital consulting services.

The company traces its history to the 1996 merger of the Swiss staffing firm Adia and France-based Ecco.