Kelly Services (NASDAQ:KELYB) Shares Gap Up - Should You Buy?

Key Points

• Shares gapped up pre-market from $14.88 to $15.46 but last traded at $14.75 on light volume (3,470 shares) and remain below the 50‑day moving average of $17.49.
• Weiss Ratings reiterated a "sell (d)" and the stock carries a MarketBeat consensus rating of Sell.
• Fundamentals show a market cap of $520.0M, a negative P/E of -2.09 and net margin of -5.98%, yet the company pays a quarterly dividend of $0.075 (annualized yield ~2.0%) and has low debt (D/E 0.10).

Kelly Services, Inc. (NASDAQ:KELYB - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $14.88, but opened at $15.46. Kelly Services shares last traded at $14.75, with a volume of 3,470 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Kelly Services in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Sell".

Kelly Services Stock Performance

The stock has a market cap of $520.02 million, a price-to-earnings ratio of -2.09 and a beta of 0.64. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $17.49.

Kelly Services (NASDAQ:KELYB - Get Free Report) last announced its earnings results on Thursday, February 12th. The business services provider reported $0.16 earnings per share (EPS) for the quarter. Kelly Services had a negative net margin of 5.98% and a positive return on equity of 4.05%. The business had revenue of $1.05 billion during the quarter.

Kelly Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $0.30 dividend on an annualized basis and a yield of 2.0%. Kelly Services's dividend payout ratio is currently -4.13%.

Kelly Services Company Profile

Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.

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