Adecco Group AG (OTCMKTS:AHEXY) Sees Significant Drop in Short Interest

Adecco Group AG (OTCMKTS:AHEXY) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 2,100 shares, a decrease of 87.1% from the January 31st total of 16,300 shares. Based on an average trading volume of 207,000 shares, the short-interest ratio is presently 0.0 days.

Adecco Group Stock Down 0.1 %

AHEXY stock traded down $0.02 on Friday, reaching $13.43. 92,948 shares of the company traded hands, compared to its average volume of 142,406. 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 fifty day simple moving average of $12.16 and a 200-day simple moving average of $14.21. Adecco Group has a one year low of $11.08 and a one year high of $20.38. The company has a market cap of $4.52 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 3.66 and a beta of 1.38.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. began coverage on Adecco Group in a research note on Thursday, December 5th. They issued an “underweight” rating on the stock. Royal Bank of Canada raised shares of Adecco Group from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, November 6th. Finally, BNP Paribas raised shares of Adecco Group to a “hold” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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.