Randstad (OTCMKTS:RANJY) Stock Price Up 6.1% – Here’s Why

Randstad Holding NV (OTCMKTS:RANJY) traded up 6.1% during trading on Thursday . The company traded as high as $18.30 and last traded at $18.30. Approximately 5,556 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 56,118 shares. The stock had previously closed at $17.2450.

Analysts Set New Price Targets

Separately, Citigroup lowered shares of Randstad from a “buy” rating to a “neutral” rating in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Randstad Stock Up 0.5%

The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 20.43 and a beta of 0.98. The business’s 50 day moving average is $15.50 and its 200-day moving average is $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.

Randstad (OTCMKTS:RANJY) last posted its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.30 earnings per share 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 analyst estimates of $5.85 billion. Randstad had a return on equity of 11.14% and a net margin of 1.24%. On average, sell-side analysts predict that Randstad Holding NV will post 1.8 EPS 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.