Kelly Services (NASDAQ:KELYB) Sees Large Volume Increase

Shares of Kelly Services, Inc. (NASDAQ:KELYB) saw unusually-strong trading volume on Thursday . Approximately 259 shares traded hands during trading, a decline of 72% from the previous session’s volume of 934 shares.The stock last traded at $21.24 and had previously closed at $20.81.

The firm’s 50 day moving average is $24.29. The firm has a market cap of $836.22 million, a PE ratio of 15.65 and a beta of 1.94.

Kelly Services (NASDAQ:KELYB) last posted its earnings results on Thursday, May 13th. The business services provider reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). Kelly Services had a net margin of 2.39% and a return on equity of 4.52%. The firm had revenue of $1.21 billion for the quarter.

A hedge fund recently bought a new stake in Kelly Services stock. Renaissance Technologies LLC acquired a new stake in shares of Kelly Services, Inc. (NASDAQ:KELYB) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,100 shares of the business services provider’s stock, valued at approximately $207,000. Institutional investors and hedge funds own 0.03% of the company’s stock.

About Kelly Services (NASDAQ:KELYB)

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing in the areas of office, professional, light industrial, and contact center specialties.

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