Adecco Group (OTCMKTS:AHEXY) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Adecco Group AG (OTCMKTS:AHEXY)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.07 and traded as high as $16.13. Adecco Group shares last traded at $15.96, with a volume of 13,322 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AHEXY. BNP Paribas raised Adecco Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 14th. JPMorgan Chase & Co. assumed coverage on Adecco Group in a report on Thursday, December 5th. They issued an “underweight” rating for the company. One investment analyst has rated the stock with a sell rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Adecco Group Trading Down 5.6 %

The business has a 50-day moving average price of $13.14 and a 200-day moving average price of $14.05. The firm has a market capitalization of $5.08 billion, a P/E ratio of 15.70, a PEG ratio of 3.66 and a beta of 1.38. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.78.

Adecco Group (OTCMKTS:AHEXY) last announced its quarterly earnings results on Wednesday, February 26th. The business services provider reported $0.34 earnings per share for the quarter. Adecco Group had a return on equity of 12.71% and a net margin of 1.28%. The firm had revenue of $6.27 billion for the quarter. Analysts anticipate that Adecco Group AG will post 1.32 earnings per share for the current year.

Adecco Group 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.