What Happened?

Shares of IT services provider ASGN (NYSE:ASGN) fell 15.3% in the afternoon session after the company reported weak first quarter 2025 results: EPS, EBITDA, and the outlook for all key financial metrics fell short. Sales were down nearly 8% year on year. Assignment work fell hard, and several commercial sectors just didn't hold up. Overall, this was a weaker quarter.

The shares closed the day at $51.88, down 11.3% from previous close.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy ASGN? Access our full analysis report here, it’s free.

What The Market Is Telling Us

ASGN’s shares are not very volatile and have only had 9 moves greater than 5% over the last year. Moves this big are rare for ASGN and indicate this news significantly impacted the market’s perception of the business.

ASGN is down 37.5% since the beginning of the year, and at $51.76 per share, it is trading 50.3% below its 52-week high of $104.07 from July 2024. Investors who bought $1,000 worth of ASGN’s shares 5 years ago would now be looking at an investment worth $1,317.

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