Adecco Group (OTCMKTS:AHEXY) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Adecco Group AG (OTCMKTS:AHEXY)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.50 and traded as low as $12.18. Adecco Group shares last traded at $12.24, with a volume of 147,362 shares trading hands.

Analysts Set New Price Targets

AHEXY has been the subject of a number of analyst reports. BNP Paribas upgraded shares of Adecco Group to a “hold” rating in a research report on Tuesday, November 12th. Royal Bank of Canada raised shares of Adecco Group from a “hold” rating to a “moderate buy” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. initiated coverage on Adecco Group in a research report on Thursday, December 5th. They set an “underweight” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded Adecco Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Adecco Group Stock Down 0.6 %

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 company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 1.38 and a beta of 1.38. The firm’s 50-day simple moving average is $13.38 and its two-hundred day simple moving average is $15.50.

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.