Adecco Group (OTCMKTS:AHEXY) Hits New 1-Year Low – Here’s Why

Adecco Group AG (OTCMKTS:AHEXY)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $14.39 and last traded at $14.42, with a volume of 26055 shares changing hands. The stock had previously closed at $14.61.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised Adecco Group from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd.

Adecco Group Price Performance

The stock has a market cap of $4.86 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 1.12 and a beta of 1.44. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.77. The business’s 50-day simple moving average is $16.24 and its two-hundred day simple moving average is $17.10.

Adecco Group (OTCMKTS:AHEXY) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.34 EPS for the quarter. Adecco Group had a net margin of 1.28% and a return on equity of 13.25%. The company had revenue of $6.29 billion during the quarter. Sell-side analysts expect that Adecco Group AG will post 1.47 EPS for the current year.

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.