Adecco (OTCMKTS:AHEXY) Stock Falls 8.9% – What’s Next?

Adecco SA (OTCMKTS:AHEXY)’s share price fell 8.9% on Tuesday. The company traded as low as $13.07 and last traded at $13.07. Approximately 410 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 19,735 shares. The stock had previously closed at $14.3450.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AHEXY shares. Jefferies Financial Group upgraded Adecco from a “moderate sell” rating to a “hold” rating in a research note on Thursday, September 10th. BNP Paribas Exane upgraded Adecco from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Morgan Stanley reissued an “underweight” rating on shares of Adecco in a report on Tuesday, September 8th. Zacks Research upgraded Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adecco in a report on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Adecco Trading Up 0.3%

The stock’s fifty day simple moving average is $14.55 and its 200-day simple moving average is $12.30. The firm has a market cap of $4.54 billion, a PE ratio of 12.95, a PEG ratio of 1.37 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.15 and a quick ratio of 1.15.

Adecco (OTCMKTS:AHEXY) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The business had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $6.83 billion. Adecco had a net margin of 1.25% and a return on equity of 12.67%. On average, sell-side analysts forecast that Adecco SA will post 1.45 earnings per share for the current year.

Adecco Company Profile

Adecco is a global workforce solutions and talent advisory company headquartered in Zurich, Switzerland. It helps organizations recruit, place and manage employees across a range of industries, while also supporting job seekers with career opportunities, skills development and workforce guidance.

The company’s services include temporary and permanent staffing, recruitment, career transition and outplacement, talent development, outsourcing and workforce consulting. Adecco operates through brands and business lines that include Adecco for staffing and recruitment, Akkodis for technology and engineering consulting, and LHH for professional recruitment, leadership development and career transition services.

Adecco traces its history to the 1996 merger of the Swiss staffing company Adia and France’s Ecco.