Kelly Services (NASDAQ:KELYB) Shares Gap Down – Here’s What Happened

Kelly Services, Inc. (NASDAQ:KELYB)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $17.63, but opened at $16.01. Kelly Services shares last traded at $17.0640, with a volume of 959 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Kelly Services in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Kelly Services Stock Down 4.6%

The stock has a market capitalization of $575.58 million, a PE ratio of -2.31 and a beta of 0.64. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average is $14.76 and its 200 day moving average is $12.49.

Kelly Services (NASDAQ:KELYB) last issued its quarterly earnings results on Thursday, February 12th. The business services provider reported $0.16 earnings per share for the quarter. Kelly Services had a negative net margin of 5.98% and a positive return on equity of 4.05%. The company had revenue of $1.05 billion for the quarter.

Kelly Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, February 25th. Kelly Services’s dividend payout ratio is -4.13%.

About Kelly Services

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.