Adecco Group (OTCMKTS:AHEXY) Stock Crosses Above 200 Day Moving Average – What’s Next?

Shares of Adecco Group AG (OTCMKTS:AHEXY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.01 and traded as high as $15.61. Adecco Group shares last traded at $15.42, with a volume of 26,780 shares traded.

Wall Street Analyst Weigh In

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

Adecco Group Stock Performance

The stock’s 50-day moving average price is $13.52 and its 200-day moving average price is $14.00. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $5.19 billion, a P/E ratio of 16.06, a P/E/G ratio of 3.66 and a beta of 1.38.

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

About Adecco Group

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.