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

Adecco SA (OTCMKTS:AHEXY) gapped up before the market opened on Thursday . The stock had previously closed at $11.8350, but opened at $12.5052. Adecco shares last traded at $12.55, with a volume of 2,474 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AHEXY. Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Jefferies Financial Group lowered shares of Adecco from a “hold” rating to a “moderate sell” rating in a research report on Thursday, January 8th. Finally, UBS Group upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Adecco presently has an average rating of “Hold”.

Adecco Stock Performance

The firm has a market cap of $4.13 billion, a P/E ratio of 12.34, a P/E/G ratio of 0.92 and a beta of 1.07. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 1.05. The company’s 50 day moving average is $12.84 and its 200 day moving average is $13.86.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings data on Wednesday, February 25th. The business services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.35 by $0.09. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.95 billion. Adecco had a net margin of 1.28% and a return on equity of 12.02%. As a group, equities analysts predict that Adecco SA will post 1.32 earnings per share for the current fiscal 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.