Kelly Services (NASDAQ:KELYB) Shares Gap Down – Should You Sell?

by · The Markets Daily

Kelly Services, Inc. (NASDAQ:KELYB – Get Free Report)’s share price gapped down prior to trading on Friday. The stock had previously closed at $22.59, but opened at $21.50. Kelly Services shares last traded at $23.51, with a volume of 929 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Kelly Services from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 2nd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on Kelly Services

Kelly Services Trading Up 4.3%

The stock’s 50 day moving average is $22.61 and its 200-day moving average is $20.16. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.08. The company has a market cap of $818.59 million, a P/E ratio of -3.02 and a beta of 0.86.

Kelly Services (NASDAQ:KELYB – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.19. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion.

Kelly Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were given a $0.0750 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, August 19th. Kelly Services’s payout ratio is presently -3.84%.

Kelly Services Company Profile

(Get Free Report)

Kelly Services, Inc is a workforce solutions company that provides staffing, recruiting and talent management services to businesses and organizations. Its offerings include temporary and direct-hire placement, workforce outsourcing, recruitment process outsourcing, managed service programs and other services designed to help employers source, deploy and retain talent.

The company serves a range of industries through specialized businesses, including Kelly Professional & Industrial, Kelly Science & Clinical, Kelly Engineering and Kelly Education.

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