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

Randstad Holding NV (OTCMKTS:RANJY) gapped up prior to trading on Monday . The stock had previously closed at $18.3150, but opened at $19.07. Randstad shares last traded at $19.0650, with a volume of 4,717 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Morgan Stanley cut shares of Randstad from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, September 10th. Zacks Research raised shares of Randstad from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Kepler Capital Markets downgraded Randstad from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Randstad Price Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $6.70 billion, a P/E ratio of 100.21 and a beta of 0.89. The business’s fifty day moving average price is $19.29 and its 200 day moving average price is $21.60.

Randstad (OTCMKTS:RANJY) last posted its earnings results on Wednesday, October 22nd. The business services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Randstad had a net margin of 0.29% and a return on equity of 8.92%. The firm had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.75 billion. Sell-side analysts forecast that Randstad Holding NV will post 1.63 EPS for the current fiscal 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.