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

Shares of Kelly Services, Inc. (NASDAQ:KELYBGet Free Report) gapped down prior to trading on Friday . The stock had previously closed at $15.76, but opened at $15.08. Kelly Services shares last traded at $15.6650, with a volume of 785 shares.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Kelly Services in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

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Kelly Services Stock Up 1.8%

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 stock has a market capitalization of $549.07 million, a P/E ratio of -2.21 and a beta of 0.64. The business has a 50-day moving average price of $14.74 and a 200 day moving average price of $12.62.

Kelly Services (NASDAQ:KELYBGet Free Report) last posted its earnings results on Thursday, February 12th. The business services provider reported $0.16 EPS for the quarter. The firm had revenue of $1.05 billion during the quarter. Kelly Services had a positive return on equity of 4.05% and a negative net margin of 5.98%.

Kelly Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $0.30 annualized dividend and a dividend yield of 1.9%. Kelly Services’s dividend payout ratio is currently -4.13%.

Kelly Services Company Profile

(Get Free Report)

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.

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