Randstad (OTCMKTS:RANJY) Sees Large Volume Increase – Here’s What Happened

Shares of Randstad Holding NV (OTCMKTS:RANJY) saw unusually-strong trading volume on Wednesday . 78,280 shares traded hands during trading, an increase of 41% from the previous session’s volume of 55,605 shares.The stock last traded at $21.84 and had previously closed at $21.8250.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RANJY. Citigroup lowered shares of Randstad from a “buy” rating to a “neutral” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Randstad in a research report on Thursday, July 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Randstad in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Randstad in a report on Friday. Six 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 stock has an average rating of “Reduce”.

Randstad Stock Performance

The stock has a 50 day moving average of $16.29 and a 200 day moving average of $15.70. The company has a market capitalization of $7.72 billion, a price-to-earnings ratio of 21.28 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.

Randstad (OTCMKTS:RANJY) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Randstad had a net margin of 1.39% and a return on equity of 11.78%. The firm had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.60 billion. As a group, analysts predict 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.