Kelly Services (NASDAQ:KELYB) Shares Gap Up – Here’s What Happened

Shares of Kelly Services, Inc. (NASDAQ:KELYB) gapped up before the market opened on Friday . The stock had previously closed at $19.01, but opened at $19.91. Kelly Services shares last traded at $20.25, with a volume of 208 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Kelly Services has a consensus rating of “Sell”.

Kelly Services Trading Up 4.8%

The stock has a market cap of $690.80 million, a price-to-earnings ratio of -2.62 and a beta of 0.81. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average of $16.37 and a 200-day moving average of $13.64.

Kelly Services (NASDAQ:KELYB) last released its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%.

Kelly Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.30 dividend on an annualized basis and a yield of 1.5%. Kelly Services’s dividend payout ratio (DPR) is presently -3.95%.

About Kelly Services

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.