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

Randstad Holding NV (OTCMKTS:RANJY) shares gapped down before the market opened on Wednesday. The stock had previously closed at $20.44, but opened at $19.51. Randstad shares last traded at $19.50, with a volume of 913 shares trading hands.

Analyst Ratings Changes

Several brokerages recently weighed in on RANJY. Citigroup restated a “neutral” rating on shares of Randstad in a research report on Friday. The Goldman Sachs Group reissued a “neutral” rating on shares of Randstad in a research note on Friday, July 24th. Zacks Research cut shares of Randstad from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 26th. Royal Bank Of Canada restated a “sector perform” rating on shares of Randstad in a research note on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Randstad in a report on Wednesday, September 9th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Randstad Stock Performance

The stock has a 50 day moving average of $21.87 and a 200 day moving average of $17.34. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 19.21 and a beta of 0.95.

Randstad (OTCMKTS:RANJY) last released its earnings results on Wednesday, July 22nd. The business services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.60 billion. Randstad had a net margin of 1.39% and a return on equity of 11.76%. As a group, analysts predict that Randstad Holding NV will post 1.51 EPS for the current year.

About Randstad

Randstad N.V. is a Netherlands-based human resources services company that connects employers with temporary, permanent and contract workers. The company provides recruitment and workforce solutions across a range of industries, including technology, engineering, healthcare, finance, manufacturing, logistics and administrative services.

Its offerings include temporary staffing, permanent placement, recruitment process outsourcing, managed services programs, professional recruitment, career transition and outplacement, and talent development.