Adecco (OTCMKTS:AHEXY) Stock Crosses Below Two Hundred Day Moving Average - Here's Why

Key Points

• Adecco's stock price has fallen below its 200-day moving average of $14.54, trading as low as $14.47 during the recent session.
• Wall Street analysts have upgraded Adecco's rating, with several firms moving it from a "moderate sell" to a "hold" or "outperform" rating, contributing to a consensus rating of "Moderate Buy."
• The company reported a net margin of 1.26% and a return on equity of 10.94%, with quarterly revenue of $6.71 billion, surpassing analyst estimates.

Adecco SA (OTCMKTS:AHEXY - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.54 and traded as low as $14.47. Adecco shares last traded at $14.65, with a volume of 7,957 shares changing hands.

Wall Street Analyst Weigh In

AHEXY has been the subject of a number of research reports. Jefferies Financial Group upgraded Adecco from a "moderate sell" rating to a "hold" rating in a research note on Thursday, September 11th. Cfra Research upgraded Adecco from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada reissued an "outperform" rating on shares of Adecco in a research note on Tuesday, August 12th. Finally, Sanford C. Bernstein upgraded shares of Adecco from a "hold" rating to an "outperform" rating in a research note on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Adecco currently has a consensus rating of "Moderate Buy".

Adecco Trading Up 1.2%

The stock has a market capitalization of $4.93 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 1.21 and a beta of 1.18. The business has a 50 day simple moving average of $15.05 and a 200-day simple moving average of $14.54. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.03 and a current ratio of 1.03.

Adecco (OTCMKTS:AHEXY - Get Free Report) last announced 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). Adecco had a net margin of 1.26% and a return on equity of 10.94%. The firm had revenue of $6.71 billion during the quarter, compared to analyst estimates of $5.72 billion. On average, analysts predict that Adecco SA will post 1.32 EPS for the current year.

About Adecco

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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