Adecco (OTCMKTS:AHEXY) Sees Unusually-High Trading Volume – Still a Buy?

Adecco SA (OTCMKTS:AHEXY) shares saw strong trading volume on Thursday . 29,000 shares changed hands during mid-day trading, an increase of 11% from the previous session’s volume of 26,045 shares.The stock last traded at $9.83 and had previously closed at $10.10.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. UBS Group downgraded shares of Adecco from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Morgan Stanley downgraded shares of Adecco from a “cautious” rating to an “underweight” rating in a research report on Tuesday. Citigroup downgraded shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. Finally, Zacks Research downgraded shares of Adecco from a “hold” rating to a “strong sell” rating in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Adecco currently has a consensus rating of “Reduce”.

Adecco Stock Performance

The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.05 and a current ratio of 1.06. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 9.44, a P/E/G ratio of 0.86 and a beta of 0.96. The stock’s 50-day moving average price is $10.95 and its 200-day moving average price is $12.76.

Adecco (OTCMKTS:AHEXY) last issued its quarterly earnings data on Wednesday, May 13th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $6.55 billion. As a group, equities research analysts expect that Adecco SA will post 1.41 earnings per share 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.