Company shares last traded at $25.90 a tad above the 50 day moving average which is $24.44 and well above the 200 day moving average of $22.87. The 50 day moving average was up $1.46 or +5.95% and the 200 day average went up $3.03 or +13.25%. Trading volume for Kelly Services, Inc. was 1,342 by the end of trading on Tuesday. Trading volume was down 99.41% under the stocks average daily volume.
Investors are feeling more bearish lately at least if you consider the increase in short interest. The stock experienced a rise in short interest from September 15, 2017 to September 29, 2017 of 15.54%. Short shares increased 71,446 over that timeframe. With short interest at 531,242 and short average daily volume at 147,485, the short-interest ratio is 4.0 and the short interest percentage is 0.01% as of September 29.
Here are a few substantial investment firms who have updated their positions. Cutler Group LP cut its investment by shedding 100 shares a decrease of 25.0% in the quarter. Cutler Group LP owns 300 shares with a value of $0. The total value of its holdings decreased nan%. Louisiana State Employees Retirement System grew its position by buying 400 shares an increase of 3.4% as of 09/30/2017. Louisiana State Employees Retirement System controls 12,300 shares valued at $309,000. The value of the position overall is up by 15.7%.
As of quarter end Capital One, National Association had disposed of a total of 116 shares trimming its holdings by 0.6%. The value of the investment in Kelly Services, Inc. increased from $473,000 to $525,000 a change of $52,000 quarter to quarter. Bowling Portfolio Management LLC expanded its holdings by buying 20,342 shares an increase of 48.8% from 06/30/2017 to 09/30/2017. Bowling Portfolio Management LLC currently owns 62,067 shares worth $1,557,000. The total value of its holdings increased 66.2%.
The P/E ratio is 7.76 and the market cap of the company is 992.18M. In the latest earnings report the EPS was $3.34 and is projected to be $1.73 for the current year with 38,308,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.59 and the next full year EPS is projected to be $1.84.
Kelly Services, Inc., launched on August 27, 1952, is a workforce solutions provider, which is involved in offering a range of specialty services. The Company provides workforce solutions in three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Business’s segments are Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), and Outsourcing and Consulting Group (OCG). The Company places professional and technical employees at various levels in engineering, information technology (IT), law, healthcare and finance..