Kelly Services (NASDAQ:KELYB) Share Price Passes Above 200 Day Moving Average Following Weak Earnings

Kelly Services, Inc. (NASDAQ:KELYB - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday after the company announced better than expected quarterly earnings. The stock has a 200-day moving average of $12.69 and traded as high as $16.00. Kelly Services shares last traded at $15.90, with a volume of 2,869 shares.Get Kelly Services alerts:The business services provider reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. Kelly Services had a negative net margin of 6.44% and a positive return on equity of 3.07%. Kelly Services Dividend AnnouncementThe company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, May 18th. Kelly Services's dividend payout ratio is -4.13%. Wall Street Analysts Forecast GrowthSeparately, Weiss Ratings restated a "sell (d)" rating on shares of Kelly Services in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of "Sell".Read Our Latest Analysis on Kelly ServicesKelly Services Stock PerformanceThe stock has a market cap of $543.94 million, a price-to-earnings ratio of -2.09 and a beta of 0.71. The company has a quick ratio of 1.54, a current ratio of 1.59 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of $14.90 and a 200 day simple moving average of $12.69. Kelly Services Company Profile (Get Free Report)Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.Featured ArticlesFive stocks we like better than Kelly ServicesThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Kelly Services Right Now?Before you consider Kelly Services, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kelly Services wasn't on the list.While Kelly Services currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here