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

Adecco SA (OTCMKTS:AHEXY) gapped up before the market opened on Tuesday . The stock had previously closed at $13.4360, but opened at $14.25. Adecco shares last traded at $14.25, with a volume of 627 shares traded.

Analyst Upgrades and Downgrades

AHEXY has been the topic of a number of research analyst reports. BNP Paribas Exane raised Adecco from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Citigroup cut shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Morgan Stanley lowered shares of Adecco from a “cautious” rating to an “underweight” rating in a research report on Tuesday, June 9th. Finally, UBS Group lowered shares of Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Adecco Stock Up 5.3%

The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73. The stock has a 50 day simple moving average of $10.46 and a 200 day simple moving average of $12.00. The firm has a market capitalization of $5.07 billion, a PE ratio of 13.90, a PEG ratio of 1.04 and a beta of 0.98.

Adecco (OTCMKTS:AHEXY) last released its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Adecco had a return on equity of 12.09% and a net margin of 1.31%.The firm had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.55 billion. As a group, sell-side analysts forecast that Adecco SA will post 1.35 earnings per share 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.