Kelly Services (NASDAQ:KELYB) Shares Gap Up – What’s Next?

Kelly Services, Inc. (NASDAQ:KELYB) gapped up before the market opened on Friday . The stock had previously closed at $19.01, but opened at $19.91. Kelly Services shares last traded at $20.25, with a volume of 208 shares traded.

Analysts Set New Price Targets

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

Kelly Services Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.59 and a quick ratio of 1.59. The company’s 50-day simple moving average is $16.49 and its 200-day simple moving average is $13.68. The stock has a market capitalization of $666.36 million, a P/E ratio of -2.53 and a beta of 0.81.

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

Kelly Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were given a $0.075 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.30 annualized dividend and a dividend yield of 1.6%. Kelly Services’s dividend payout ratio is presently -3.95%.

Kelly Services Company Profile

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.