Adecco (OTCMKTS:AHEXY) Shares Gap Down - Should You Sell?

Adecco SA (OTCMKTS:AHEXY - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $14.44, but opened at $13.83. Adecco shares last traded at $13.80, with a volume of 2,063 shares trading hands.

Wall Street Analyst Weigh In

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

Adecco Stock Performance

The firm's 50 day moving average price is $13.68 and its 200-day moving average price is $13.31. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 1.20 and a beta of 1.18. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.06 and a quick ratio of 1.06.

Adecco (OTCMKTS:AHEXY - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.07. The company had revenue of $6.34 billion for the quarter, compared to analyst estimates of $5.49 billion. Adecco had a net margin of 1.26% and a return on equity of 11.74%. On average, analysts anticipate that Adecco SA will post 1.32 earnings per share for the current year.

Adecco Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were issued a $0.3169 dividend. The ex-dividend date of this dividend was Thursday, April 24th. This represents a yield of 2.4%. Adecco's dividend payout ratio (DPR) is 34.78%.

Adecco 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.

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