Adecco (OTCMKTS:AHEXY) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Adecco SA (OTCMKTS:AHEXY) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.62 and traded as low as $13.90. Adecco shares last traded at $13.98, with a volume of 4,838 shares traded.

Wall Street Analysts Forecast Growth

AHEXY has been the topic of several recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Adecco in a report on Tuesday, August 12th. Jefferies Financial Group raised Adecco from a “moderate sell” rating to a “hold” rating in a report on Thursday, September 11th. Cfra Research raised Adecco from a “moderate sell” rating to a “hold” rating in a report on Wednesday, August 6th. Sanford C. Bernstein raised Adecco from a “hold” rating to an “outperform” rating in a report on Monday, September 22nd. Finally, Zacks Research downgraded Adecco from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Adecco Stock Performance

The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50-day moving average is $14.33 and its 200 day moving average is $14.62. The firm has a market cap of $4.71 billion, a P/E ratio of 14.87, a PEG ratio of 1.26 and a beta of 1.18.

Adecco (OTCMKTS:AHEXY) last released its quarterly earnings data on Tuesday, August 5th. The business services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). Adecco had a net margin of 1.26% and a return on equity of 10.94%. The firm had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $5.72 billion. On average, research analysts predict that Adecco SA will post 1.32 earnings per share for the current year.

Adecco Company Profile

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.