Adecco Group (OTCMKTS:AHEXY) Shares Pass Below 200 Day Moving Average of $21.29

Shares of Adecco Group AG (OTCMKTS:AHEXY) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.29 and traded as low as $16.62. Adecco Group shares last traded at $16.87, with a volume of 35,454 shares.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada cut Adecco Group from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 10th.

Adecco Group Stock Performance

The stock’s 50 day moving average price is $19.66 and its 200 day moving average price is $21.23. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 0.70 and a beta of 1.46.

Adecco Group (OTCMKTS:AHEXY) last issued its earnings results on Thursday, February 29th. The business services provider reported $0.40 earnings per share (EPS) for the quarter. Adecco Group had a net margin of 1.36% and a return on equity of 13.57%. The business had revenue of $6.58 billion during the quarter. Analysts expect that Adecco Group AG will post 1.69 earnings per share for the current year.

Adecco Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Wednesday, April 17th will be given a dividend of $0.8351 per share. The ex-dividend date of this dividend is Tuesday, April 16th. This is an increase from Adecco Group’s previous dividend of $0.35. Adecco Group’s dividend payout ratio (DPR) is 79.25%.

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.