Kelly Services (NASDAQ:KELYB) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

Shares of Kelly Services (KELYB) remained flat at $$28.00 during mid-day trading on Monday. The company’s stock had a trading volume of 100 shares, compared to its average volume of 482. Kelly Services has a twelve month low of $20.18 and a twelve month high of $28.00. The firm has a market capitalization of $1,073.02, a P/E ratio of 14.32 and a beta of 0.93.

Kelly Services (NASDAQ:KELYB) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.27. Kelly Services had a return on equity of 7.25% and a net margin of 1.44%. The business had revenue of $1.33 billion during the quarter. During the same quarter in the prior year, the company earned $0.44 earnings per share.

An institutional investor recently bought a new position in Kelly Services stock. FNY Managed Accounts LLC bought a new stake in Kelly Services, Inc. (NASDAQ:KELYB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,872 shares of the business services provider’s stock, valued at approximately $181,000. 0.02% of the stock is owned by institutional investors.

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Kelly Services Company Profile

Kelly Services, Inc is a workforce solutions provider, which is engaged in offering a range of specialty services. The Company provides workforce solutions in three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s segments are Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), and Outsourcing and Consulting Group (OCG).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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