Randstad (OTCMKTS:RANJY) Sets New 12-Month Low – Here’s What Happened

Shares of Randstad (OTCMKTS:RANJY) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $21.85 and last traded at $22.03, with a volume of 31628 shares. The stock had previously closed at $22.46.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upgraded Randstad to a “hold” rating in a report on Friday, October 4th.

Randstad Trading Down 1.9 %

The firm has a market cap of $7.97 billion, a P/E ratio of 17.28 and a beta of 1.25. The business’s 50 day moving average is $23.71 and its 200-day moving average is $24.28. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.25.

Randstad (OTCMKTS:RANJY) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.38 EPS for the quarter. The company had revenue of $6.61 billion for the quarter. Randstad had a return on equity of 14.26% and a net margin of 1.79%. As a group, analysts forecast that Randstad will post 1.57 earnings per share for the current fiscal year.

Randstad Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, September 27th were paid a $0.5292 dividend. The ex-dividend date was Thursday, September 26th. Randstad’s dividend payout ratio (DPR) is currently 76.92%.

About Randstad

Randstad N.V. provides solutions in the field of work and human resources (HR) services. The company provides temporary staffing and permanent placement services; job posting; and résumé services on digital platforms. It offers inhouse, enterprise and digital, and tech suite services. In addition, the company provides managed services programs, recruitment process outsourcing, outplacement and career development, and online talent acquisition.