Adecco Group (OTCMKTS:AHEXY) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Adecco Group AG (OTCMKTS:AHEXY) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analyst Ratings Changes

Several analysts have weighed in on the company. Royal Bank of Canada raised Adecco Group from a “hold” rating to a “moderate buy” rating in a report on Wednesday, November 6th. BNP Paribas upgraded shares of Adecco Group to a “hold” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. initiated coverage on shares of Adecco Group in a research report on Thursday, December 5th. They set an “underweight” rating for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Adecco Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Adecco Group has an average rating of “Moderate Buy”.

Adecco Group Stock Down 0.6 %

The stock has a fifty day moving average price of $13.38 and a 200-day moving average price of $15.48. The firm has a market cap of $4.12 billion, a PE ratio of 12.75, a PEG ratio of 1.38 and a beta of 1.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.01.

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.