Adecco (OTCMKTS:AHEXY) Hits New 52-Week Low – Time to Sell?

Adecco SA (OTCMKTS:AHEXY)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $12.1560 and last traded at $12.21, with a volume of 15010 shares. The stock had previously closed at $12.65.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AHEXY shares. BNP Paribas Exane downgraded Adecco from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. UBS Group raised Adecco from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Jefferies Financial Group downgraded Adecco from a “hold” rating to a “moderate sell” rating in a research report on Thursday, January 8th. Finally, Zacks Research raised Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Adecco Stock Performance

The company’s 50-day simple moving average is $13.91 and its 200-day simple moving average is $14.20. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 0.94 and a beta of 1.04. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.78.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings data on Wednesday, February 25th. The business services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.09. The company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.95 billion. Adecco had a net margin of 1.28% and a return on equity of 12.09%. On average, analysts expect that Adecco SA will post 1.32 EPS for the current year.

About Adecco

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.