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

Randstad Holding NV (OTCMKTS:RANJY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $14.34, but opened at $15.45. Randstad shares last traded at $15.61, with a volume of 500 shares trading hands.

Analyst Ratings Changes

Separately, Citigroup downgraded Randstad from a “buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Randstad presently has an average rating of “Reduce”.

Randstad Price Performance

The business’s 50-day simple moving average is $15.07 and its two-hundred day simple moving average is $15.77. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 17.08 and a beta of 0.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14.

Randstad (OTCMKTS:RANJY) last announced its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.06). Randstad had a return on equity of 11.14% and a net margin of 1.24%.The company had revenue of $6.48 billion for the quarter, compared to analyst estimates of $5.85 billion. Research analysts expect that Randstad Holding NV will post 1.8 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.