Kelly Services (NASDAQ:KELYB) Trading 7.4% Higher – Here’s Why

Shares of Kelly Services, Inc. (NASDAQ:KELYB) traded up 7.4% during trading on Friday . The company traded as high as $20.00 and last traded at $20.0750. 445 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 43,491 shares. The stock had previously closed at $18.70.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Kelly Services Stock Performance

The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13. The stock has a market cap of $723.89 million, a P/E ratio of -2.75 and a beta of 0.71. The stock has a fifty day simple moving average of $15.76 and a 200-day simple moving average of $13.30.

Kelly Services (NASDAQ:KELYB) last issued its earnings results on Thursday, May 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Kelly Services had a positive return on equity of 3.07% and a negative net margin of 6.44%.The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion.

Kelly Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th will be issued a dividend of $0.075 per share. The ex-dividend date is Monday, May 18th. This represents a $0.30 dividend on an annualized basis and a yield of 1.4%. Kelly Services’s dividend payout ratio (DPR) is -3.95%.

About Kelly Services

Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.