Adecco Group (OTCMKTS:AHEXY) Stock Price Crosses Below 200-Day Moving Average - Should You Sell?

Adecco Group AG (OTCMKTS:AHEXY - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.00 and traded as low as $11.60. Adecco Group shares last traded at $11.68, with a volume of 262,656 shares traded.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Adecco Group from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. assumed coverage on Adecco Group in a report on Thursday, December 5th. They set an "underweight" rating for the company. BNP Paribas upgraded shares of Adecco Group to a "hold" rating in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada raised Adecco Group from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Adecco Group Stock Performance

The company has a debt-to-equity ratio of 0.78, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 1.65 and a beta of 1.39. The firm has a 50 day moving average price of $12.58 and a 200-day moving average price of $15.00.

Adecco Group (OTCMKTS:AHEXY - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.37 EPS for the quarter. Adecco Group had a return on equity of 12.71% and a net margin of 1.28%. The company had revenue of $6.27 billion for the quarter. As a group, sell-side analysts expect that Adecco Group AG will post 1.34 earnings per share for the current fiscal 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.