Adecco (OTCMKTS:AHEXY) Shares Gap Down - Here's What Happened

Key Points

• Adecco's stock price dropped from $14.10 to $13.62 following a gap down before trading on Tuesday, with a trading volume of 191 shares.
• Recent analyst ratings for Adecco show a mixed outlook, with two analysts giving a Strong Buy rating, while others rated it as Hold, Buy, or Sell, resulting in an average rating of "Moderate Buy."
• Adecco reported earnings per share of $0.26 for the last quarter, missing estimates, but exceeded revenue expectations with $6.71 billion in sales.

Adecco SA (OTCMKTS:AHEXY - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $14.10, but opened at $13.62. Adecco shares last traded at $13.62, with a volume of 191 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently commented on AHEXY. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Adecco in a report on Tuesday, August 12th. Jefferies Financial Group upgraded Adecco from a "moderate sell" rating to a "hold" rating in a research note on Thursday, September 11th. Finally, Cfra Research upgraded Adecco from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Adecco Trading Down 1.3%

The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $4.36 billion, a P/E ratio of 13.78, a P/E/G ratio of 1.09 and a beta of 1.18. The stock has a 50-day moving average price of $15.50 and a 200-day moving average price of $14.68.

Adecco (OTCMKTS:AHEXY - Get Free Report) last announced its earnings results on Tuesday, August 5th. The business services provider reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.02). The company had revenue of $6.71 billion during the quarter, compared to analysts' expectations of $5.72 billion. Adecco had a net margin of 1.26% and a return on equity of 10.94%. On average, equities research analysts expect that Adecco SA will post 1.32 EPS for the current year.

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.