Kelly Services (NASDAQ:KELYB) Shares Up 14.6% – Still a Buy?

Kelly Services, Inc. (NASDAQ:KELYB)’s share price was up 14.6% on Friday . The company traded as high as $17.50 and last traded at $19.9060. Approximately 170 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 39,656 shares. The stock had previously closed at $17.37.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Kelly Services Stock Up 10.2%

The firm’s fifty day moving average price is $17.08 and its 200-day moving average price is $14.02. The company has a market capitalization of $685.95 million, a price-to-earnings ratio of -2.60 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.59 and a quick ratio of 1.59.

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

Kelly Services Announces Dividend

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

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.