Adecco Group (OTCMKTS:AHEXY) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Adecco Group AG (OTCMKTS:AHEXY) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.07 and traded as high as $16.13. Adecco Group shares last traded at $15.96, with a volume of 13,322 shares changing hands.

Analyst Upgrades and Downgrades

AHEXY has been the topic of several analyst reports. JPMorgan Chase & Co. assumed coverage on shares of Adecco Group in a research report on Thursday, December 5th. They set an “underweight” rating on the stock. BNP Paribas raised shares of Adecco Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, one has given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Adecco Group has an average rating of “Buy”.

Adecco Group Stock Performance

The firm’s 50-day moving average is $13.14 and its 200 day moving average is $14.05. The stock has a market cap of $5.08 billion, a PE ratio of 15.70, a P/E/G ratio of 3.66 and a beta of 1.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.01.

Adecco Group (OTCMKTS:AHEXY) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.34 EPS for the quarter. The company had revenue of $6.27 billion during the quarter. Adecco Group had a net margin of 1.28% and a return on equity of 12.71%. As a group, research analysts anticipate that Adecco Group AG will post 1.32 EPS for the current year.

About Adecco Group

Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, consulting, talent academy, digital staffing solutions under the Adecco, Akkodis, General Assembly, Badenoch + Clark, Lee Hecht Harrison, pontoon, Spring Professional, Adia, Modis, and YOSS brand names.