Kelly Services (NASDAQ:KELYA) Inc. Class B (KELYB) stock has touched a new 52-week low, dipping to $13.01, as the company navigates through a challenging economic landscape. According to InvestingPro analysis, the stock's RSI indicates oversold conditions, while trading at an attractive P/E ratio of 11.2x and a modest Price/Book ratio of 0.36x. This latest price point marks a significant downturn for the staffing agency, which has seen its stock value decrease by 39.91% over the past year. Investors are closely monitoring the stock as it struggles to find a foothold in a market that has been unforgiving to many in the employment services sector. The 52-week low serves as a critical indicator for the company's performance and investor sentiment as it attempts to rebound from the current lows. InvestingPro's Fair Value analysis suggests the stock is currently undervalued, with 12 additional exclusive insights available to subscribers.
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