Adecco Group (OTCMKTS:AHEXY) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Adecco Group AG (OTCMKTS:AHEXY)’s share price passed 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 changing hands.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AHEXY. JPMorgan Chase & Co. initiated coverage on shares of Adecco Group in a research note on Thursday, December 5th. They set an “underweight” rating on the stock. BNP Paribas upgraded Adecco Group from a “hold” rating to a “strong-buy” rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, one has given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Adecco Group has an average rating of “Buy”.

Adecco Group Price Performance

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.78. The company’s fifty day moving average is $13.52 and its 200 day moving average is $14.01. The stock has a market cap of $5.19 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 3.66 and a beta of 1.38.

Adecco Group (OTCMKTS:AHEXY) last posted its earnings results 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 business had revenue of $6.27 billion for the quarter. As a group, sell-side analysts anticipate that Adecco Group AG will post 1.32 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.