Randstad (OTCMKTS:RANJY) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Randstad Holding NV (OTCMKTS:RANJY) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $15.03 and traded as low as $14.59. Randstad shares last traded at $15.16, with a volume of 62,926 shares traded.

Wall Street Analyst Weigh In

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

Randstad Stock Performance

The firm has a market cap of $5.48 billion, a PE ratio of 17.08 and a beta of 0.98. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average price is $15.05 and its two-hundred day moving average price is $15.77.

Randstad (OTCMKTS:RANJY) last released its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.06). The firm had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Randstad had a return on equity of 11.14% and a net margin of 1.24%. As a group, sell-side analysts forecast that Randstad Holding NV will post 1.8 EPS 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.