Adecco Group (OTCMKTS:AHEXY) Hits New 1-Year Low – Time to Sell?

Adecco Group AG (OTCMKTS:AHEXY)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $11.88 and last traded at $12.10, with a volume of 95699 shares trading hands. The stock had previously closed at $12.27.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Adecco Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. 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 note on Thursday, December 5th. They set an “underweight” rating for the company. Finally, Royal Bank of Canada raised shares of Adecco Group from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Adecco Group Stock Performance

The stock’s 50 day moving average price is $13.09 and its 200 day moving average price is $15.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 1.38 and a beta of 1.39.

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.