ManpowerGroup Stock Soars 8.01%, Hits Intraday High of $28.44

3 hours ago
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ManpowerGroup, Inc. saw a significant intraday gain, contrasting with the modest rise of the S&P 500. However, the company has struggled over the past year, with a notable decline in net profit and negative operating cash flow, reflecting ongoing financial challenges and underperformance against market benchmarks.
ManpowerGroup Stock Soars 8.01%, Hits Intraday High of $28.44
ManpowerGroup, Inc., a small-cap player in the diversified commercial services sector, has experienced a notable surge today, gaining 8.01% and reaching an intraday high of USD 28.44. This performance stands in stark contrast to the S&P 500, which has only seen a modest increase of 0.69% on the same day.
Despite today's gains, the company's longer-term performance metrics reveal a challenging landscape. Over the past year, ManpowerGroup has faced a significant decline of 51.08%, while the S&P 500 has risen by 12.95%. The company's year-to-date performance also reflects a downturn, with a decrease of 6.16%. Financially, ManpowerGroup reported a net profit of USD 38.33 million, which has seen a substantial decline of 60.23%. The operating cash flow stands at a negative USD 11.7 million, indicating liquidity concerns. Additionally, the return on capital employed (ROCE) is at a low of -0.78%. With a market capitalization of USD 3,147 million, the company continues to navigate a challenging environment, marked by consistent underperformance against the benchmark over the last three years.
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