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

Randstad Holding NV (OTCMKTS:RANJY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $15.75, but opened at $17.03. Randstad shares last traded at $17.17, with a volume of 900 shares traded.

Analyst Upgrades and Downgrades

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

Randstad Stock Performance

The stock has a fifty day simple moving average of $15.22 and a two-hundred day simple moving average of $15.66. 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 stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 18.96 and a beta of 0.98.

Randstad (OTCMKTS:RANJY) last announced its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.06). The business had revenue of $6.48 billion during the quarter, compared to analyst estimates of $5.85 billion. Randstad had a net margin of 1.24% and a return on equity of 11.14%. Analysts forecast 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.