Adecco (OTCMKTS:AHEXY) Sees Strong Trading Volume – Time to Buy?

Shares of Adecco SA (OTCMKTS:AHEXY) saw unusually-high trading volume on Monday . Approximately 29,377 shares changed hands during trading, an increase of 16% from the previous session’s volume of 25,220 shares.The stock last traded at $10.02 and had previously closed at $9.42.

Analysts Set New Price Targets

Several brokerages recently issued reports on AHEXY. Citigroup cut Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. UBS Group lowered Adecco to a “sell” rating in a research note on Monday. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Adecco Price Performance

The business has a 50-day simple moving average of $11.80 and a two-hundred day simple moving average of $13.41. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 9.26, a P/E/G ratio of 0.81 and a beta of 0.99. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.75.

Adecco (OTCMKTS:AHEXY) last issued its earnings results on Wednesday, May 13th. The business services provider reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Adecco had a return on equity of 12.36% and a net margin of 1.31%.The firm had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.55 billion. As a group, research analysts predict that Adecco SA will post 1.41 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.