Randstad (OTCMKTS:RANJY) Stock Crosses Above 200 Day Moving Average – What’s Next?

Randstad Holding NV (OTCMKTS:RANJY) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.96 and traded as high as $22.24. Randstad shares last traded at $22.20, with a volume of 4,521 shares traded.

Analyst Upgrades and Downgrades

Separately, Citigroup raised Randstad from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy”.

Randstad Stock Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a fifty day simple moving average of $23.90 and a two-hundred day simple moving average of $21.96. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 92.50 and a beta of 1.03.

Randstad (OTCMKTS:RANJY) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.08). The business had revenue of $6.79 billion for the quarter, compared to analyst estimates of $5.78 billion. Randstad had a return on equity of 8.81% and a net margin of 0.37%. Analysts forecast that Randstad Holding NV will post 1.63 earnings per share for the current fiscal year.

About Randstad

Randstad N.V. provides solutions in the field of work and human resources (HR) services. The company provides temporary staffing and permanent placement services; job posting; and résumé services on digital platforms. It offers inhouse, enterprise and digital, and tech suite services. In addition, the company provides managed services programs, recruitment process outsourcing, outplacement and career development, and online talent acquisition.