Adecco (OTCMKTS:AHEXY) Shares Gap Down - What's Next?

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.

Shares of Adecco SA (OTCMKTS:AHEXY - Get Free Report) gapped down prior to trading 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 traded.

Analyst Upgrades and Downgrades

AHEXY has been the subject of several research reports. Cfra Research upgraded shares of Adecco from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Adecco in a report on Tuesday, August 12th. Finally, Jefferies Financial Group raised shares of Adecco from a "moderate sell" rating to a "hold" rating in a research report on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy".

Adecco Trading Down 3.8%

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.83. The business has a fifty day simple moving average of $15.71 and a 200 day simple moving average of $14.70. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 14.43, a P/E/G ratio of 1.18 and a beta of 1.18.

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

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