Adecco Group (OTCMKTS:AHEXY) Shares Pass Below Two Hundred Day Moving Average - Here's Why

Shares of Adecco Group AG (OTCMKTS:AHEXY - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.60 and traded as low as $12.94. Adecco Group shares last traded at $13.18, with a volume of 41,884 shares.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. BNP Paribas raised shares of Adecco Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 14th. The Goldman Sachs Group upgraded shares of Adecco Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, one has assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy".

Adecco Group Price Performance

The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 3.66 and a beta of 1.19. The company's fifty day moving average price is $14.15 and its 200 day moving average price is $13.51. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.01.

Adecco Group (OTCMKTS:AHEXY - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $0.34 earnings per share for the quarter. The company had revenue of $6.27 billion for the quarter. Adecco Group had a return on equity of 12.71% and a net margin of 1.28%. Equities research analysts expect that Adecco Group AG will post 1.32 earnings per share for the current year.

Adecco Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be issued a $0.3169 dividend. The ex-dividend date is Thursday, April 24th. This represents a dividend yield of 2.4%. Adecco Group's dividend payout ratio is currently 32.99%.

Adecco Group Company Profile

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.