Adecco (OTCMKTS:AHEXY) Hits New 52-Week Low – Here’s What Happened

Adecco SA (OTCMKTS:AHEXY) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $11.19 and last traded at $11.19, with a volume of 2208 shares changing hands. The stock had previously closed at $11.40.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AHEXY shares. Zacks Research upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Jefferies Financial Group downgraded shares of Adecco from a “hold” rating to a “moderate sell” rating in a report on Thursday, January 8th. Finally, UBS Group upgraded shares of Adecco from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Adecco Stock Down 1.4%

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 firm’s 50 day moving average is $12.53 and its two-hundred day moving average is $13.78. The firm has a market capitalization of $3.76 billion, a P/E ratio of 11.24, a PEG ratio of 0.92 and a beta of 1.07.

Adecco (OTCMKTS:AHEXY) last released its 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. Adecco had a net margin of 1.28% and a return on equity of 12.02%. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.95 billion. Research analysts predict that Adecco SA will post 1.55 EPS for the current 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.