Adecco (OTCMKTS:AHEXY) Sees Unusually-High Trading Volume – Time to Buy?

Adecco SA (OTCMKTS:AHEXY) saw unusually-high trading volume on Wednesday . Approximately 18,701 shares were traded during mid-day trading, a decline of 22% from the previous session’s volume of 23,877 shares.The stock last traded at $12.09 and had previously closed at $11.70.

Analyst Ratings Changes

AHEXY has been the subject of a number of analyst reports. Jefferies Financial Group lowered Adecco from a “hold” rating to a “moderate sell” rating in a research report on Thursday, January 8th. UBS Group upgraded Adecco from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Finally, Zacks Research raised Adecco from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Adecco has an average rating of “Hold”.

Adecco Stock Up 2.0%

The company has a debt-to-equity ratio of 0.75, a current ratio of 1.05 and a quick ratio of 1.05. The business’s 50 day simple moving average is $12.79 and its 200 day simple moving average is $13.85. The company has a market capitalization of $4.14 billion, a PE ratio of 12.37, a P/E/G ratio of 0.95 and a beta of 1.07.

Adecco (OTCMKTS:AHEXY) last posted its quarterly earnings results on Wednesday, February 25th. The business services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.09. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.95 billion. Adecco had a net margin of 1.28% and a return on equity of 12.02%. As a group, analysts anticipate that Adecco SA will post 1.32 earnings per share for the current fiscal year.

About Adecco

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.