Randstad (OTCMKTS:RANJY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Randstad Holding NV (OTCMKTS:RANJY) saw strong trading volume on Wednesday . 78,280 shares traded hands during mid-day trading, an increase of 41% from the previous session’s volume of 55,605 shares.The stock last traded at $21.84 and had previously closed at $21.8250.

Analyst Ratings Changes

A number of brokerages have recently commented on RANJY. Royal Bank Of Canada restated a “sector perform” rating on shares of Randstad in a report on Thursday, July 23rd. The Goldman Sachs Group reiterated a “neutral” rating on shares of Randstad in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Randstad in a research report on Thursday, July 23rd. Finally, Citigroup lowered shares of Randstad from a “buy” rating to a “neutral” rating in a research note on Thursday, April 30th. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Randstad Stock Down 5.6%

The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a 50 day simple moving average of $16.56 and a 200-day simple moving average of $15.74. The firm has a market cap of $7.36 billion, a PE ratio of 20.29 and a beta of 0.98.

Randstad (OTCMKTS:RANJY) last released its 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. Randstad had a return on equity of 11.78% and a net margin of 1.39%.The firm had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Sell-side analysts predict 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.