Adecco (OTCMKTS:AHEXY) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Adecco SA (OTCMKTS:AHEXY) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.41 and traded as low as $9.3050. Adecco shares last traded at $9.34, with a volume of 28,021 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AHEXY. UBS Group lowered shares of Adecco from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. Citigroup lowered shares of Adecco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Morgan Stanley cut shares of Adecco from a “cautious” rating to an “underweight” rating in a report on Tuesday, June 9th. Finally, Zacks Research downgraded shares of Adecco from a “hold” rating to a “strong sell” rating in a research report on Friday, May 15th. Two equities 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.com, the company presently has a consensus rating of “Reduce”.

Adecco Trading Up 2.6%

The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average price of $10.43 and a 200 day moving average price of $12.41. The stock has a market capitalization of $3.24 billion, a PE ratio of 8.90, a P/E/G ratio of 0.78 and a beta of 0.96.

Adecco (OTCMKTS:AHEXY) last announced its earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. Adecco had a return on equity of 12.09% and a net margin of 1.31%.The company had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.55 billion. Equities analysts expect 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.