Adecco (OTCMKTS:AHEXY) Stock Price Crosses Below 200-Day Moving Average - What's Next?

Key Points

• Adecco's stock price has dropped below its 200-day moving average, currently trading at $14.01, down 1.2% from the previous day.
• Recent analyst ratings vary, with two analysts giving a Strong Buy, while the consensus rating is classified as a "Moderate Buy."
• In its latest earnings report, Adecco reported earnings per share of $0.26, missing analysts' estimates, although its revenue of $6.71 billion exceeded expectations.

Adecco SA (OTCMKTS:AHEXY - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.67 and traded as low as $14.00. Adecco shares last traded at $14.01, with a volume of 3,432 shares trading hands.

Analysts Set New Price Targets

AHEXY has been the topic of several recent analyst reports. Cfra Research raised shares of Adecco from a "moderate sell" rating to a "hold" rating in a report on Wednesday, August 6th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Adecco in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Adecco has a consensus rating of "Moderate Buy".

Adecco Stock Down 1.2%

The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 1.18 and a beta of 1.18. The stock's fifty day simple moving average is $15.80 and its two-hundred day simple moving average is $14.67. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.03 and a quick ratio of 1.03.

Adecco (OTCMKTS:AHEXY - Get Free Report) last issued 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 business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $5.72 billion. Adecco had a return on equity of 10.94% and a net margin of 1.26%. On average, sell-side analysts predict that Adecco SA will post 1.32 earnings per share for the current fiscal 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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