Randstad (OTCMKTS:RANJY) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

Randstad Holding NV (OTCMKTS:RANJY)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $20.69 and traded as low as $18.9980. Randstad shares last traded at $19.1450, with a volume of 15,326 shares traded.

Analysts Set New Price Targets

RANJY has been the topic of several analyst reports. Kepler Capital Markets downgraded shares of Randstad from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Morgan Stanley downgraded shares of Randstad from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, September 10th. Zacks Research cut Randstad from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Finally, Citigroup raised Randstad from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Randstad Trading Down 0.6%

The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.54. The business’s fifty day moving average is $20.69 and its 200 day moving average is $22.02. The stock has a market cap of $6.93 billion, a PE ratio of 100.76 and a beta of 1.02.

Randstad (OTCMKTS:RANJY) last issued its earnings results on Wednesday, October 22nd. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.75 billion. Randstad had a net margin of 0.29% and a return on equity of 9.05%. As a group, analysts predict that Randstad Holding NV will post 1.63 earnings per share for the current year.

Randstad Company Profile

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.