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

Randstad Holding NV (OTCMKTS:RANJY)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $15.03 and traded as low as $14.59. Randstad shares last traded at $15.16, with a volume of 62,926 shares changing hands.

Analysts Set New Price Targets

Separately, Citigroup downgraded shares of Randstad from a “buy” rating to a “neutral” rating in a research report on Thursday, April 30th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Randstad currently has an average rating of “Reduce”.

Randstad Stock Up 5.7%

The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a fifty day simple moving average of $15.03 and a 200-day simple moving average of $15.80. The company has a market capitalization of $5.34 billion, a PE ratio of 16.64 and a beta of 0.98.

Randstad (OTCMKTS:RANJY) last posted its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.06). The company had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $5.85 billion. Randstad had a net margin of 1.24% and a return on equity of 11.14%. Equities research analysts anticipate that Randstad Holding NV will post 1.8 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.