Randstad (OTCMKTS:RANJY) Shares Gap Down – Here’s What Happened

Randstad Holding NV (OTCMKTS:RANJY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $13.95, but opened at $13.34. Randstad shares last traded at $13.42, with a volume of 7,573 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RANJY. Zacks Research upgraded shares of Randstad from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Jefferies Financial Group downgraded Randstad from a “strong-buy” rating to a “moderate sell” rating in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Randstad Price Performance

The business’s 50-day simple moving average is $16.51 and its two-hundred day simple moving average is $18.86. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 14.24 and a beta of 0.88. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 1.18.

Randstad (OTCMKTS:RANJY) last issued its quarterly earnings data on Wednesday, February 11th. The business services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. Randstad had a return on equity of 11.47% and a net margin of 1.30%.The business had revenue of $6.93 billion for the quarter, compared to analyst estimates of $6.83 billion. Research analysts expect that Randstad Holding NV will post 1.63 earnings per share for the current year.

Randstad Company Profile

Randstad N.V. (OTCMKTS:RANJY) is a leading global provider of human resource services and workforce solutions. Headquartered in Diemen, Netherlands, the company specializes in connecting organizations with both temporary and permanent talent across a wide range of industries, including administrative, industrial, finance, engineering, healthcare and IT sectors.

The company’s service offering encompasses staffing and recruitment, inhouse services, professional and executive search, and managed services such as recruitment process outsourcing (RPO) and workforce management.