Adecco Group (OTCMKTS:AHEXY) Stock Crosses Below 200 Day Moving Average - Here's Why

Adecco Group AG (OTCMKTS:AHEXY - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $17.51 and traded as low as $16.12. Adecco Group shares last traded at $16.15, with a volume of 52,017 shares traded.

Analysts Set New Price Targets

Separately, Barclays raised shares of Adecco Group to a "strong-buy" rating in a research report on Wednesday, June 26th.

Adecco Group Trading Up 1.8 %

The company has a market capitalization of $5.54 billion, a P/E ratio of 16.15, a P/E/G ratio of 0.86 and a beta of 1.44. The stock has a 50 day moving average of $16.51 and a 200-day moving average of $17.51. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.77.

Adecco Group (OTCMKTS:AHEXY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.34 earnings per share (EPS) for the quarter. Adecco Group had a return on equity of 13.25% and a net margin of 1.28%. The business had revenue of $6.29 billion during the quarter. On average, research analysts predict that Adecco Group AG will post 1.51 EPS 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.