Adecco (OTCMKTS:AHEXY) Shares Gap Up – Here’s Why

Adecco SA (OTCMKTS:AHEXY) gapped up before the market opened on Monday . The stock had previously closed at $14.1925, but opened at $14.51. Adecco shares last traded at $14.51, with a volume of 4,653 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AHEXY. Jefferies Financial Group upgraded Adecco from a “moderate sell” rating to a “hold” rating in a report on Thursday, September 11th. BNP Paribas downgraded shares of Adecco from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. BNP Paribas Exane cut Adecco from an “outperform” rating to a “neutral” rating in a research report on Friday, December 5th. Sanford C. Bernstein raised Adecco from a “hold” rating to an “outperform” rating in a research report on Monday, September 22nd. Finally, Zacks Research lowered Adecco from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Adecco Price Performance

The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 15.58, a P/E/G ratio of 1.33 and a beta of 1.07. The company’s 50-day simple moving average is $14.30 and its 200 day simple moving average is $14.83.

Adecco (OTCMKTS:AHEXY) last announced its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Adecco had a return on equity of 10.98% and a net margin of 1.22%. Equities research analysts forecast that Adecco SA will post 1.32 EPS for the current year.

Adecco Company Profile

Adecco Group AG is a global human resources and workforce solutions provider headquartered in Zurich, Switzerland. The company specializes in temporary staffing, permanent placement, career transition, and talent development services. Its core business activities include matching job seekers with client companies, managing contingent workforce solutions, and offering consulting services related to workforce management and organizational effectiveness.

Founded in 1996 through the merger of the Swiss companies Adia Interim and ECCO, Adecco has grown into one of the world’s largest staffing firms.