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

Randstad Holding NV (OTCMKTS:RANJY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $15.14, but opened at $13.85. Randstad shares last traded at $13.81, with a volume of 1,100 shares.

Wall Street Analyst Weigh In

Separately, Citigroup lowered Randstad from a “buy” rating to a “neutral” rating in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Randstad Stock Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 1.18. The firm has a fifty day simple moving average of $14.22 and a 200 day simple moving average of $16.88. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 15.37 and a beta of 0.97.

Randstad (OTCMKTS:RANJY) last issued its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.06). Randstad had a net margin of 1.24% and a return on equity of 11.13%. The business had revenue of $6.48 billion during the quarter, compared to analyst estimates of $5.85 billion. On average, analysts anticipate that Randstad Holding NV will post 1.8 earnings per share for the current fiscal 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.