Adecco (OTCMKTS:AHEXY) Reaches New 12-Month Low – Here’s Why

Adecco SA (OTCMKTS:AHEXY) hit a new 52-week low on Monday . The company traded as low as $9.17 and last traded at $9.17, with a volume of 179 shares changing hands. The stock had previously closed at $9.71.

Wall Street Analysts Forecast Growth

AHEXY has been the topic of several research analyst reports. Zacks Research cut Adecco from a “hold” rating to a “strong sell” rating in a research note on Friday, May 15th. Citigroup lowered shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. UBS Group cut shares of Adecco from a “hold” rating to a “sell” rating in a report on Monday, May 18th. Finally, Morgan Stanley downgraded shares of Adecco from a “cautious” rating to an “underweight” rating in a research report on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

Adecco Stock Performance

The stock has a market capitalization of $3.19 billion, a P/E ratio of 8.75, a P/E/G ratio of 0.83 and a beta of 0.96. The company’s 50-day moving average is $10.75 and its two-hundred day moving average is $12.60. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73.

Adecco (OTCMKTS:AHEXY) last posted its earnings results on Wednesday, May 13th. The business services provider reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. Adecco had a net margin of 1.31% and a return on equity of 12.09%. The firm had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.55 billion. As a group, sell-side analysts anticipate that Adecco SA will post 1.41 EPS for the current fiscal 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.