Kelly Services (NASDAQ:KELYB) Trading Up 10.7% – Here’s Why

Shares of Kelly Services, Inc. (NASDAQ:KELYB) traded up 10.7% during trading on Friday . The stock traded as high as $18.00 and last traded at $19.9190. 204 shares changed hands during trading, a decline of 99% from the average daily volume of 36,375 shares. The stock had previously closed at $18.00.

Analyst Upgrades and Downgrades

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

Kelly Services Stock Performance

The stock has a fifty day moving average of $17.63 and a 200-day moving average of $14.68. The firm has a market capitalization of $648.68 million, a P/E ratio of -2.46 and a beta of 0.81. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.13.

Kelly Services (NASDAQ:KELYB) last issued its quarterly earnings results 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). Kelly Services had a positive return on equity of 3.07% and a negative net margin of 6.44%.The business 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 disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were issued a $0.075 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.30 annualized dividend and a dividend yield of 1.6%. Kelly Services’s dividend payout ratio (DPR) 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.