Randstad (OTCMKTS:RANJY) Shares Pass Below 50-Day Moving Average – What’s Next?

Shares of Randstad Holding NV (OTCMKTS:RANJY) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $21.50 and traded as low as $20.67. Randstad shares last traded at $20.74, with a volume of 2,906 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on RANJY shares. Zacks Research lowered Randstad from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Randstad in a research note on Wednesday, September 9th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Randstad in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Randstad in a research note on Friday, July 24th. Four 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 currently has a consensus rating of “Reduce”.

Randstad Price Performance

The firm has a fifty day moving average of $21.50 and a two-hundred day moving average of $17.08. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $7.30 billion, a PE ratio of 20.12 and a beta of 0.95.

Randstad (OTCMKTS:RANJY) last announced its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Randstad had a return on equity of 11.76% and a net margin of 1.39%. Research analysts anticipate that Randstad Holding NV will post 1.51 EPS for the current fiscal year.

About Randstad

Randstad N.V. is a Netherlands-based human resources services company that connects employers with temporary, permanent and contract workers. The company provides staffing and recruitment services across a range of industries, including manufacturing, logistics, healthcare, information technology, finance and administrative support.

Its service offerings also include professional recruitment, executive search, in-house workforce management, outplacement, career transition support and talent development.