Adecco (OTCMKTS:AHEXY) Stock Passes Below 200 Day Moving Average - Here's Why

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) 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 traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AHEXY shares. Cfra Research upgraded Adecco from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, August 6th. Jefferies Financial Group upgraded Adecco from a "moderate sell" rating to a "hold" rating in a research report on Thursday, September 11th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Adecco in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, two have given 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 presently has a consensus rating of "Moderate Buy".

Adecco Stock Performance

The stock has a 50 day moving average price of $15.66 and a two-hundred day moving average price of $14.69. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.83. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 1.18 and a beta of 1.18.

Adecco (OTCMKTS:AHEXY - Get Free Report) last posted its quarterly 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 analyst estimates of $5.72 billion. Adecco had a net margin of 1.26% and a return on equity of 10.94%. 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.