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

Shares of Randstad Holding NV (OTCMKTS:RANJY) gapped down before the market opened on Wednesday . The stock had previously closed at $15.14, but opened at $13.85. Randstad shares last traded at $13.81, with a volume of 1,100 shares.

Analyst Ratings Changes

Separately, Citigroup lowered Randstad from a “buy” rating to a “neutral” rating in a report on Thursday, April 30th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Randstad Stock Performance

The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average of $14.17 and a 200-day moving average of $16.79. The stock has a market cap of $4.99 billion, a PE ratio of 15.55 and a beta of 0.97.

Randstad (OTCMKTS:RANJY) last released its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.06). Randstad had a return on equity of 11.13% and a net margin of 1.24%.The company had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $5.85 billion. On average, equities analysts forecast that Randstad Holding NV will post 1.8 EPS for the current year.

About Randstad

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.