Adecco (OTCMKTS:AHEXY) Hits New 12-Month Low - Here's Why

Key Points

• Adecco hit a new 52-week low of $11.31 on Friday and was trading down about 2.9%, sitting below its 50-day ($13.06) and 200-day ($13.91) moving averages.
• Analyst sentiment is mixed: Jefferies downgraded to a "moderate sell" while Zacks and UBS upgraded from "strong sell" to "hold," leaving a MarketBeat consensus rating of Hold.
• Fundamentals showed a quarterly beat—EPS $0.44 vs. $0.35 and revenue $7.01B vs. $6.95B—while the stock trades at a P/E of 11.3 and a market cap of about $3.78 billion.

Adecco SA (OTCMKTS:AHEXY - Get Free Report)'s stock price reached a new 52-week low on Friday . The company traded as low as $11.31 and last traded at $11.31, with a volume of 10175 shares traded. The stock had previously closed at $11.63.

Analyst Ratings Changes

A number of research firms have recently weighed in on AHEXY. Jefferies Financial Group downgraded shares of Adecco from a "hold" rating to a "moderate sell" rating in a research report on Thursday, January 8th. Zacks Research raised shares of Adecco from a "strong sell" rating to a "hold" rating in a research report on Monday, January 12th. Finally, UBS Group raised shares of Adecco from a "strong sell" rating to a "hold" rating in a research report on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold".

Adecco Trading Down 2.9%

The company has a market cap of $3.78 billion, a P/E ratio of 11.30, a PEG ratio of 0.93 and a beta of 1.07. The stock's 50 day moving average is $13.06 and its 200-day moving average is $13.91. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.75.

Adecco (OTCMKTS:AHEXY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.09. The company had revenue of $7.01 billion for the quarter, compared to analysts' expectations of $6.95 billion. Adecco had a net margin of 1.28% and a return on equity of 12.02%. Research analysts anticipate that Adecco SA will post 1.32 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.

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