Adecco (OTCMKTS:AHEXY) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Adecco SA (OTCMKTS:AHEXY) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.99 and traded as low as $10.20. Adecco shares last traded at $10.20, with a volume of 14,125 shares changing hands.

Analysts Set New Price Targets

AHEXY has been the topic of a number of recent research reports. Zacks Research downgraded Adecco from a “hold” rating to a “strong sell” rating in a report on Friday, May 15th. UBS Group downgraded Adecco from a “hold” rating to a “sell” rating in a report on Monday, May 18th. Finally, Citigroup downgraded Adecco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Adecco presently has a consensus rating of “Hold”.

Adecco Stock Down 2.7%

The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 9.71, a P/E/G ratio of 0.90 and a beta of 0.96. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.75. The firm has a fifty day moving average price of $11.17 and a 200 day moving average price of $12.99.

Adecco (OTCMKTS:AHEXY) last announced 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. The business had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.55 billion. Adecco had a return on equity of 12.36% and a net margin of 1.31%. Sell-side analysts anticipate that Adecco SA will post 1.41 EPS for the current fiscal 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.